MUMBAI, April 6 (Reuters) - India guar futures rose for the fourth consecutive session on Monday, hitting fresh highs as buyers scrambled for stock in the spot market to meet demand from China, analysts said.
"People are buying since the last few days...all say they need it for China export," said a large trader in Bikaner.
The most-active May futures had risen nearly 7 percent in the past three trading sessions, analysts said.
Spot prices rose by 7 rupees to 1,722 rupees per 100 kg. Most-active May futures hit fresh highs of 1,822 rupees per 100 kg in intraday trade.
Combined open interest in guar seed futures stood at 226,210 tonnes on Monday, while volumes stood at 228,030 tonnes.
Source : REUTERS INDIA