Guar seed futures decline amid ample supplies

Guar seed prices on Thursday declined by Rs 59 to Rs 5,631 per 10 quintals in the futures trade amid increasing supplies from producing regions.

On the National Commodity and Derivatives Exchange, guar seed contracts for June delivery fell by Rs 59 or 1.05 percent to Rs 5,631 per 10 quintals with an open interest of 565 lots.

Marketmen attributed the downward trend in guar seed prices to increasing supplies from growing regions.