Comments
Guarseed prices rose by Rs 43 to Rs 2,918 per quintal in future trade on Wednesday on fresh buying by traders amid pick-up in demand in physical markets.
Market analysts said rising demand amid restricted supply at domestic markets influenced trading sentiments at futures trade here.
Also, strong demand from guargum making industries helped the uptrend in the gaurseed futures prices, they added.
At the National Commodity and Derivatives Exchange, guarseed price for delivery in April gained Rs 43, or 1.50 per cent, to Rs 2,918 per quintal, with an open interest of 1,75,000 lots.
Similarly, prices for delivery in May moved up by Rs 42, or 1.44 per cent, to Rs 2,965 per quintal, with an open interest of 39,170 lots.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.