Guar seed futures fall on weak demand

Guar seed prices fell Rs 42.5 to Rs 4,213 per 10 quintals in the futures trade on Friday on liquidation of holdings by operators in line with a weak market trend. Marketmen attributed the downward trend in guar seed futures to thin demand at the spot market amid increasing supplies from growing regions.

On the National Commodity and Derivatives Exchange, guar seed contracts for the September delivery fell Rs 42.5, or 1 per cent, to Rs 4,213 per 10 quintal depicting an open interest of 65,340 lots. Similarly, the seed contracts for the most-traded October delivery shed Rs 47, or 1.11 per cent, to Rs 4,205 per 10 quintals in an open interest of 69,440 lots.