Breaking News

You are here » Indian-Commodity  :  Commodities  :  Guar  :  Guar seed futures gain on thin supply

22-Aug2013

Guar seed futures gain on thin supply

Guar seed futures traded in the positive zone on MCX as farmers held back supplies on hopes of better prices offsetting higher area under cultivation. Further, speculators enlarging their positions on expectations that demand in the spot markets might pick-up in coming days also influenced Guar seed prices at futures trade. However, hopes of bumper production because of an expanded area under cultivation and conducive weather limited the upside.

The contract for October delivery was trading at Rs 4720.00 /100 KG, up by 2.16% or Rs 100.00 from its previous closing of Rs 4620.00 /100 KG. The open interest of the contract stood at 847.00 lots.

The contract for November delivery was trading at Rs 4497.00 /100 KG, up by 1.44% or Rs 64.00 from its previous closing of Rs 4433.00 /100 KG. The open interest of the contract stood at 895.00 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

Spicejet's cargo arm launches freighter services on Guwahati-Hong Kong route

Spicejet's cargo arm SpiceXpress has launched dedicated freighter services between Guwahati and Hong Kong with a weekly flight, starting January 19, 2019. With this launch, SpiceXpress will be the first......

Reliance Industries to invest Rs 3 lakh crore in Gujarat in next 10 years

Reliance Industries has committed to invest Rs 3 lakh crore in various projects in the next 10 years in Gujarat that may range from energy and petrochemical to new technology and digital business. The......

Wipro reports 32% rise in Q3 consolidated net profit

Wipro has reported results for third quarter ended December 31, 2018. The company has reported a rise of 39.56% in its net profit at Rs 2,518.40 crore for the quarter under review as compared to Rs 1,804.50......