MUMBAI, April 13 (Reuters) - India guar seed futures rose on Monday reaching fresh highs tracking export demand, analysts said.
The most-active May futures hit contract highs of 1,902 rupees per 100 kg in the intraday trade.
The futures saw some intraday profit-taking. The most-active May futures had gained over 13 percent in seven sessions including Monday.
"There is strong export demand from China and the Netherlands..prices may go up to 2,200 rupees (per 100 kg)," said a trader in Bikaner.
Combined open interest in guar seed futures stood at 244,030 tonnes on Monday, while volumes stood at 430,060 tonnes.
Source : REUTERS INDIA