Guar seed futures decline amid abundant supply

Guar seed prices on Thursday eased by Rs 22 to Rs 3,887 per 10 quintals in futures trade

On the National Commodity and Derivatives Exchange, guar seed contracts for August delivery was trading down by Rs 22, or 0.56 percent, at Rs 3,887 per 10 quintals with an open interest of 22,655 lots

For September delivery, the futures prices fell by Rs 25, or 0.63 percent, to Rs 3,918 per 10 quintals with an open interest of 16,310 lots. Marketmen attributed the downward trend in guar seed prices to increasing supplies from growing regions.