New Delhi, May 16 — Guar seed prices witnessed a marginal uptick in futures trading on Friday, supported by a firm trend in the spot market and limited supply from key growing regions.
On the National Commodity and Derivatives Exchange (NCDEX), the June delivery contract for guar seed inched higher by Re 1, or 0.02 percent, settling at ₹5,181 per quintal. The session recorded an open interest of 59,965 lots, indicating active participation by traders.
Speculative Activity and Low Supply Support Prices
Market analysts attributed the slight rise to heightened speculative activity, as participants widened their positions in response to firm demand in the physical market. Additionally, constrained arrivals from producing belts have added upward pressure on prices."Traders are closely watching supply dynamics and demand from the oil and textile industries, which typically drive guar seed prices. The current tightness in supply is prompting buyers to secure positions early," said a trader familiar with the matter.
The steady upward movement in guar seed futures reflects broader sentiment in the agro-commodity market, where demand-supply imbalances are influencing short-term price movements.
