Guar Seed futures decline on low demand

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New Delhi, Feb 10 (PTI) Guar seed prices on Wednesday went down by Rs 5 to Rs 3,955 per 10 quintal in futures trade.

On the National Commodity and Derivatives Exchange, guar seed contracts for February delivery was trading at Rs 3,955, down by Rs 5, or 0.13 per cent per 10 quintal with an open interest of 16,720 lots.

For March delivery, the futures prices decreased Rs 8, or 0.2 per cent, to Rs 3,998 per 10 quintal with an open interest of 46,135 lots.

Marketmen attributed the downward trend in guar seed prices to increasing supplies from growing regions. PTI SRS SHW SHW