Guar Seed futures decline on low demand

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New Delhi, Mar 24 (PTI) Guar seed prices on Wednesday went down by Rs 2 to Rs 3,774 per 10 quintal in futures trade.

On the National Commodity and Derivatives Exchange, guar seed contracts for April delivery was trading at Rs 3,774 down by Rs 2, or 0.05 per cent per 10 quintal with an open interest of 44,670 lots.

For May delivery, the futures prices decreased Rs 3, or 0.08 per cent, to Rs 3,835 per 10 quintal with an open interest of 10,360 lots.

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