Guar seed futures rise on fresh bets

Guar seed prices on Monday rose by Rs 123 to Rs 4,140 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 May contracts increased by Rs 123, or 3.08 per cent, to Rs 4,140 per 10 quintal with an open interest of 18,295 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.

Guar seed for June delivery traded at Rs 4,218, up Rs 126, or 3.08 per cent per 10 quintal with an open interest of 48,360 lots.

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