Guarseed prices resumed higher by Rs 20 to Rs 3,122 per quintal in future trade today following increased buying by participants, directed by firm spot markets.
Marketmen said tight supply from growing regions amid pick up in demand from guargum makers, mainly pushed up guarseed prices northward side.
At the National Commodity and Derivative Exchange platform, guarseed delivery for April month contract moved up by Rs 20, or 0.64 per cent to Rs 3,122 per quintal, with an open interest of 25,920 lots.
Most active March month contract delivery advanced by Rs 19, or 0.62 per cent to Rs 3,081 per quintal and open interest stood of 55,760 lots.
