Guar seed futures fall 1.22%

Guar seed prices tumbled 1.22 percent to Rs 4,580 per quintal in futures trade today after participants liquidated bets in tune with weak physical markets.

Marketmen said off-loading of holdings by traders in tune with the weak trend at the spot markets due to sluggish demand from guar gum makers weighed on guar seed futures prices.

At the National Commodity and Derivatives Exchange, guar seed for delivery in November dropped by Rs 56.50, or 1.22 percent, to Rs 4,580 per quintal with a business turnover of 7,760 open lots.

Also, the most-traded delivery in October slipped by Rs 49, or 1.06 percent, to Rs 4,552 per quintal, clocking an open interest of 1,20,410 lots.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)