Guar seed futures rise on robust demand

New Delhi, Feb 12 () Guar seed prices on Wednesday rose by Rs 36 to Rs 3,876 per 10 quintal in futures trade after participants widened their holdings driven by a firm trend in spot market.

On the National Commodity and Derivatives Exchange, guar seed for February contracts rose by Rs 36, or 0.94 per cent, to Rs 3,876 per 10 quintal with an open interest of 13,130 lots.

Similarly, guar seed for March delivery gained Rs 40 to Rs 3,924 per 10 quintal with an open interest lots of 71,145.

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 RUJRUJ