Guar seed futures rise on fresh bets

Guar seed prices on Monday rose by Rs 14 to Rs 3,999 per 10 quintal in futures trade after speculators increased their positions driven by a firm trend at spot market.

On the National Commodity and Derivatives Exchange, guar seed for February contracts increased by Rs 14, or 0.35 per cent, to Rs 3,999 per 10 quintal with an open interest of 52,605 lots.

Guar seed for March delivery traded at Rs 4,045, up Rs 13, or 0.32 per cent per 10 quintal with an open interest of 8,455 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.