Guar Seed futures decline on low demand

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New Delhi, Feb 19 (PTI) Guar seed prices on Friday went down by Rs 14 to Rs 3,894 per 10 quintal in futures trade.

On the National Commodity and Derivatives Exchange, guar seed contracts for March delivery was trading at Rs 3,894 down by Rs 14, or 0.36 per cent per 10 quintal with an open interest of 55,105 lots.

For April delivery, the futures prices decreased Rs 24, or 0.61 per cent, to Rs 3,940 per 10 quintal with an open interest of 2,295 lots.

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