Guar Seed futures decline on low demand

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New Delhi, Nov 18 (PTI) Guar seed prices on Wednesday went down by Rs 67 to Rs 4,040 per 10 quintal in futures trade.

On the National Commodity and Derivatives Exchange, guar seed contracts for November delivery was trading at Rs 4,040 down by Rs 67, or 1.63 per cent per 10 quintal with an open interest of 940 lots.

For December delivery, the futures prices decreased Rs 32, or 0.78 per cent, to Rs 4,085 per 10 quintal with an open interest of 60,200 lots.

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