Guar Seed futures trade higher on strong demand

Guar Seed futures traded higher on NCDEX, on account of accumulation of bets counting on strong physical demand as against inadequate inventory position. Moreover, lower production estimates and adverse weather conditions also buoyed the rates. The contract for September delivery was trading at Rs 5,239.00 up by Rs 31.00 or 0.60% from previous closing of Rs 5,208.00.The open interest of the contract stood at 33,670 lots. The contract for October delivery was trading at Rs 5,135.00 up by Rs 21.00 or 0.41% from its previous closing of Rs 5,114.00. The open interest of the contract stood 49,950 lots on NCDEX.