Guar seed futures ease on low demand

New Delhi, May 22 (PTI) Guar seed prices on Friday edged lower by Rs 42 to Rs 3,560 per 10 quintal in futures trade as participants reduced their holdings in line with a weak spot demand.

On the National Commodity and Derivatives Exchange, guar seed contracts for June delivery fell by Rs 42, or 1.17 per cent, to Rs 3,560 per 10 quintal with an open interest of 32,160 lots.

For July delivery, guar seed futures prices dropped Rs 36, or 1.1 per cent, to Rs 3,572 per 10 quintal with an open interest of 7,295 lots.

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