Guarseed prices firmed up by Rs 59 to Rs 3,722 per quintal in future trading today following fresh buying by operators in line with emerging physical markets.
Market expert mentioned rise in guarseed prices to thin arrivals from growing belts, sparked by robust demand from guargum makers.
At the National Commodity and Derivative Exchange counter, guarseed 10 mt delivery for second contract November month spurted by Rs 59, or 1.61 per cent to Rs 3,722 per quintal, with an open interest of 12,190 lots.
Most active first contract October month delivery also remained the fancy of buyers, rose by Rs 54, or 1.49 per cent to Rs 3,875 per quintal, with the business turnover of 1,00,380 open lots.
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