Guar seed futures up on spot demand

New Delhi, Jan 21 () Guar seed prices on Tuesday rose by Rs 18 to Rs 4,120 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 18, or 0.44 per cent, to Rs 4,120 per 10 quintal with an open interest of 90,115 lots.

Similarly, guar seed for March delivery gained Rs 14, or 0.34 per cent to Rs 4,158 per 10 quintal with an open interest lots of 6,080.

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 SHW SHW