New Delhi: Guar seed prices rose by Rs 11 to Rs 5,042 per quintal in futures trade on Monday as speculators increased their positions amid a firm trend in the spot market.
Guar seed contracts for October delivery on the National Commodity and Derivatives Exchange (NCDEX) rose by Rs 11, or 0.22 percent, to Rs 5,042 per quintal, with a turnover of 49,745 lots.
According to market sources, guar seed prices rose due to speculators increasing their positions, a firm trend in the spot market, and lower supplies from producing regions.
