Guar Seed Prices Dip Amid Rising Supply

Guar seed prices fell by Rs 24 to Rs 4,677 per quintal in futures trade due to increased supply. December delivery contracts on the National Commodity and Derivatives Exchange saw a decline of 0.51% with an open interest of 43,990 lots. The price drop is linked to rising supplies.

Guar seed prices saw a decline of Rs 24 to reach Rs 4,677 per quintal in Friday's futures trade, driven by abundant supplies.

Data from the National Commodity and Derivatives Exchange revealed that December contracts decreased by 0.51%, with an open interest standing at 43,990 lots.

Market experts have attributed this downward trend to an increase in supplies from major growing regions, impacting pricing.

(With inputs from agencies.)