Guar seed prices rise by Rs 25 to Rs 4,052 per quintal in futures trade today as traders enhanced holdings supported by upbeat physical markets cues.
Market players said, building up of bets by traders in line with rising prices at the spot market due to tight supplies amid brisk demand from guar gum makers, led to the up tick in guar seed futures prices.
At the National Commodity and Derivatives Exchange, guar seed delivery for the October contract gained by Rs 25, or 0.62 per cent, to Rs 4,0542 per quintal, with an open interest of 64,060 lots.
Likewise, the delivery of the current contract July enquired higher by Rs 22, or 0.57 per cent, to Rs 3,908 per quintal with an open interest stood of 40,020 lots.
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