Guarseed prices recovered by Rs 23 to Rs 3,020 per quintal in futures trade today on fresh buying by speculators.
Market analysts said buying by speculators against restricted supply at the spot markets, mainly influenced the trading sentiments.
Also, pick up in export demand and guar gum industries helped boost the trading sentiments, they added.
At the National Commodity and Derivatives Exchange, guarseed price for delivery in April rose by Rs 23, or 0.77 per cent, to Rs 3,020 per quintal, with an open interest of 78,000 lots.
Likewise, guarseed prices for delivery in March rose by Rs 19, or 0.65 per cent, to Rs 2,956 per quintal, with an open interest of 1,64,930 lots.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app