Guar seed futures rise on spot demand

New Delhi, Jul 25 (PTI) Guar seed prices on Tuesday increased Rs 30 to Rs 6,021 per 10 quintals in futures trade after speculators widened their positions following a firm trend in the spot market.

On the National Commodity and Derivatives Exchange, guar seed contracts for August delivery rose Rs 30 or 0.50 per cent to Rs 6,021 per 10 quintals with an open interest of 53,325 lots.

According to marketmen, raising of bets by speculators, tracking a firm trend in the spot market and thin supplies from growing belts mainly led to the rise in guar seed prices.