Breaking News

You are here » Indian-Commodity  :  Commodities  :  Guar  :  Guar seed futures bounce back on pickup in demand

31-Jul2013

Guar seed futures bounce back on pickup in demand

Guar seed futures have bounced back and were trading with good gains, as traders increased their positions tracking a pick up in the demand for the commodity in spot market. Apart from lower levels buying, weak supplies and strong export demand into the spot markets also pushed up guar seed futures prices. However, the prices could fall again due to good progress of sowing and expectations of a rise in the seeded area.

The contract for October delivery was trading at Rs 4184.00/100 KG, up by 1.73% or Rs 71.00 from its previous closing of Rs 4113.00/100 KG. The open interest of the contract stood at 3281.00 lots.

The contract for November delivery was trading at Rs 4145.00/100 KG, up by 1.37% or Rs 56.00 from its previous closing of Rs 4089.00/100 KG. The open interest of the contract stood at 2323.00 lots on MCX.


Related News

View all news

NCDEX receives SEBI's nod to launch options on Guar Seed Futures

National Commodity & Derivatives Exchange (NCDEX) has received the Securities and Exchange Board of India's (SEBI) approval to launch Options on Guar Seed 10 MT Futures on the auspicious occasion......

Guar seed futures trade down on hopes of higher output

Guar seed futures traded down on MCX as higher output expectations from the major producing belts due to expanded area under cultivation and on good rains. Further, large stocks position in the physical......

Guar seed futures trade down on higher supply

Guar seed futures traded down in near term contract as higher supplies from the new season crop due to sluggish local market demand and hopes of higher production from the major producing......

Top News

View all news

PVR launches 8th multiplex in city of Hyderabad

PVR has launched its 8th multiplex in the city of Hyderabad. The 6-screen property is located in a convenient location at Hyderabad Next Galleria in Musarambagh, Hyderabad. Designed on the boutique cinema......

Rane Madras, Karnataka Bank and Manappuram Finance to see some action today

Rane Madras has received approval to invest up to $20 million in Rane Precision Die Casting Inc., USA (RPDC), step down subsidiary, through Rane (Madras) International Holdings B V, The Netherlands (RMIH),......

Karnataka Bank opens 839th branch in Karnataka

Karnataka Bank has opened its 839th Branch at Nadugodu - Kateel in the state of Karnataka on March 20, 2019. Earlier, the bank had opened 838th Branch at Mysuru - Ramanuja Road, Karnataka. Karnataka Bank......