Guar seed futures up by Rs 17.50 per quintal

NEW DELHI, May 22: Guar seed prices enquired higher by Rs 17.50 to Rs 3,800 per quintal in futures trade today after widening of bets by the participants in tune with robust physical demand.
Market players said strong demand for guar gum makers  amid fall in supplies from producing belts in the spot markets motivated traders to build up fresh positions, which indicated up trend in guar seed futures prices.
At the National Commodity and Derivatives Exchange counter, guar seed delivery for June strengthened by Rs 17.50 or 0.46 per cent to Rs 3,800 per quintal, clocking an open  interest of 89,020 lots.
In a similar fashion, the delivery for July marked ahead by Rs 13.50 or 0.35 per cent to Rs 3,839.50 per quintal, depicting an open interest of 18,880 lots. (PTI)