Guar seed futures rise on spot demand

New Delhi, Mar 25 () Guar seed prices gained Rs 130 to Rs 3,380 per 10 quintal in futures trade on Wednesday on raising of bets by participants driven by firm spot demand.

Marketmen said apart from fresh bets, gain in guar seed futures was also due to limited supplies from growing belts.

On the National Commodity and Derivatives Exchange, guar seed contracts for April delivery rose by Rs 130, or 4 per cent, to Rs 3,380 per 10 quintal with an open interest of 40,720 lots.

Similarly, guar seed contracts for May delivery traded up by Rs 129, or 3.97 per cent, to Rs 3,404 per 10 quintal in an open interest of 18,055 lots. VHP SHWSHW