Guar seed prices fell by 63.50 to Rs 4316.50 per quintal in futures

Guar seed prices fell by Rs 63.50 to Rs 4,316.50 per quintal in futures trade today as speculators narrowed their holdings, taking negative leads from the physical markets.

Marketmen said soaring stocks in the market following unabated supplies from producing belts led to the fall in guar seed futures prices.

At the National Commodity and Derivatives Exchange, guar seed for October was trading lower by Rs 63.50, or 1.45 percent, to Rs 4,316.50 per quintal, having an open interest of 1,07,510 lots.

Similarly, the delivery in November drifted down by Rs 60, or 1.36 percent, to Rs 4,363 per quintal, with an open interest of 12,880 lots.