Guar seed futures down on low demand

Guar seed futures traded lower by Rs 9.5 to Rs 4,180 per 10 quintal in futures trade on Tuesday as participants reduced their portfolios in line with a weak trend in the physical market.

On the National Commodity and Derivatives Exchange, guar seed to be delivered in September fell by Rs 9.5, or 0.23 per cent, to Rs 4,180 per 10 quintal with an open interest of 9,490 lots.

However, guar seed contracts for October delivery traded marginally up by 50 paise, or 0.01 per cent, to Rs 4,160 per 10 quintal with an open interest of 81,660 lots.