Guar seed futures decline amid ample supplies

Guar seed prices on Monday declined by Rs 100 to Rs 5,865 per 10 quintal in the futures trade amid increasing supplies from producing regions.

On the National Commodity and Derivatives Exchange, guar seed contracts for December delivery fell by Rs 100 or 1.68 per cent to Rs 5,865 per 10 quintal with an open interest of 24,470 lots.

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