Guar seed futures move up by Rs 25 per quintal

NEW DELHI, Aug 2: Guar seed prices traded higher by Rs 25 to Rs 4,466 per quintal in futures trade today on widened holdings in line with positive physical markets sentiments.
Marketmen attributed the upmove in guar seed futures prices to increase demand for guar gum makers amid less arrivals from growing regions in the spot markets.
At the National Commodity and Derivatives Exchange, guar seed delivery for the most active first contract October edged higher by Rs 25, or 0.56 per cent, to Rs 4,466 per quintal clocking an open interest of 1,16,470 lots.
Likewise, the delivery of the second contract November edged up by Rs 23, or 0.51 per cent, to Rs 4,500 per quintal showing an open interest of 6,650 lots. (PTI)