Latest News | Guar Seed Futures Gain on Spot Demand
Get latest articles and stories on Latest News at LatestLY. Guar seed prices on Thursday rose Rs 16 to Rs 5,369 per 10 quintals in futures trade after speculators widened their positions following a firm trend in the spot market.
New Delhi, Jan 11 (PTI) Guar seed prices on Thursday rose Rs 16 to Rs 5,369 per 10 quintals in futures trade after speculators widened their positions following a firm trend in the spot market.
On the National Commodity and Derivatives Exchange, guar seed contracts for January delivery rose Rs 16 or 0.30 per cent to Rs 5,369 per 10 quintals with an open interest of 14,065 lots.
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According to marketmen, speculators raised bets, tracking a firm trend in the spot market and thin supplies from growing belts mainly led to the rise in guar seed prices.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)