Prices Climb in Futures Trading
Guar seed prices surged by Rs 15 to reach Rs 5,390 per quintal on Tuesday in futures trading, driven primarily by increased speculative activity and robust demand from spot markets.Market Activity Boosts Prices
On the National Commodity and Derivatives Exchange (NCDEX), guar seed contracts scheduled for May delivery recorded a gain of Rs 15, marking an increase of 0.28%, and settled at Rs 5,390 per quintal. The open interest for these contracts stood at 30,375 lots, reflecting active participation by traders.Supply Constraints Strengthen Rates
Market analysts attributed this upward trend in guar seed prices to speculators intensifying their trading positions amid firm market sentiment. Additionally, limited supply from key growing regions further supported the bullish momentum.This scenario indicates continued strength in guar seed prices, underpinned by persistent market demand and constrained availability.
