Guar seed prices softened by Rs 33.50 to Rs 4,193 per quintal in futures trade today after participants trimmed positions in tune of weak physical sentiments.
Market players said minimising of portfolios by operators, tracking lower physical market sentiment led to a drop in guar seed futures prices.
In the spot market, feeble demand from guar gum makers amid adequate stocks kept the prices lower, they said.
At the National Commodity and Derivative Exchange, guar gum delivery for March contracts fell by Rs 33.50, or 0.79 per cent, to Rs 4,193 per quintal with an open interest of 800 lots.
The commodity for delivery of April contracts also fell by Rs 13.50, or 0.32 per cent, to Rs 4,200 per quintal with an open interest of 1,29,390 lots.
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