Guar seed futures rise on fresh bets

New Delhi, Feb 27 () Guar seed prices on Thursday rose by Rs 44 to Rs 3,648 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 March contracts rose by Rs 44, or 1.22 per cent, to Rs 3,648 per 10 quintal with an open interest of 53,645 lots.

Similarly, guar seed for April delivery gained Rs 40, or 1.1 per cent, to Rs 3,674 per 10 quintal with an open interest of 31,605 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. VHP SHWSHW