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Guar seed prices climb by1.39 pc on spot cues

Marketmen said, shortage of ready stocks due to pause in arrivals from growing areas, sparked by better offtake by guar gum makers at the spot markets, influenced guar seed prices.


PTI Last Updated at 30 Jul 2018, 12:07 IST India
Guar seed prices climb  by1.39 pc on spot cues
  • Guar seed prices rallied by 1.39 per cent to Rs 4,364 per quintal in futures trading today as traders indulged in creating exposures backed up by firm physical markets. (Image Credit: Flickr)

Guar seed prices rallied by 1.39 per cent to Rs 4,364 per quintal in futures trading today as traders indulged in creating exposures backed up by firm physical markets.

Marketmen said, shortage of ready stocks due to pause in arrivals from growing areas, sparked by better offtake by guar gum makers at the spot markets, influenced guar seed prices.

At the National Commodity and Derivatives Exchange platform, guar seed delivery for November spurted by Rs 60 or 1.39 per cent to Rs 4,364 per quintal, showing an open interest of 5,420 lots.

In line with the general trend, the delivery of the most-traded October contract hardened by Rs 56 or 1.31 per cent to Rs 4,329.50 per quintal, having an open interest of 1,12,770 lots.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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