Guar seed futures rise on fresh bets

Guar seed prices on Tuesday rose by Rs 4 to Rs 3,896 per 10 quintal in futures trade after speculators increased their positions driven by a firm trend in the spot market.

On the National Commodity and Derivatives Exchange, guar seed for February contracts increased by Rs 4, or 0.1 per cent, to Rs 3,896 per 10 quintal with an open interest of 55,685 lots.

Guar seed for March delivery traded flat at Rs 3,941 per 10 quintal with an open interest of 1,350 lots.


According to marketmen, raising of bets by speculators tracking a firm trend in spot market on thin supplies from growing belts mainly led to rise in guar seed prices here.a