Guar seed futures climb on fresh bets

New Delhi, Feb 19 () Guar seed prices on Wednesday rose by Rs 12 to Rs 3,822 per 10 quintal in futures trade after speculators increased their positions driven by a firm trend in spot market.

On the National Commodity and Derivatives Exchange, guar seed for February contracts rose by Rs 12, or 0.31 per cent, to Rs 3,822 per 10 quintal with an open interest of 73,040 lots.

Similarly, guar seed for March delivery gained Rs 18, or 0.47 per cent to Rs 3,860 per 10 quintal with an open interest lots of 10,880.

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. VHP SHWSHW