Guar seed prices came higher by Rs 12.50 to Rs 4,147 per quintal in futures trading today as traders widened exposure, pursuing upbeat physical markets sentiment.
Market players said participants were building up
positions motivated by rising prices at spot markets due to tight supplies of guar seed from producing areas amid pick-up in demand for guar gum makers.
At the National Commodity and Derivatives Exchange counter, guar seed delivery for May strengthened by Rs 12.50 or 0.30 per cent to Rs 4,147 per quintal, having a business turnover of 1,17,700 lots.
In the similar manner, the delivery of the second contract June edged up by Rs 10 or 0.24 per cent to Rs 4,195.50 per quintal with an open interest of 46,660 lots.
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