Guar seed prices fell sharply by 2.28 per cent to Rs 4,239 per quintal in futures trade today as participants trimmed their holdings in view of a falling trend in the physical markets.
At the National Commodity and Derivatives Exchange, guar seed to be delivered in October suffered a steep loss of Rs 99, or 2.28 per cent, to Rs 4,239 per quintal with a business turnover of 1,04,360 open lots.
Similarly, the November contracts also plummeted by Rs 84, or 1.93 per cent, to Rs 4,278 per quintal with an open interest stood of 3,450 lots.
Marketmen attributed the slide in guar seed futures to cutting down of holdings by traders amid a weak trend at the spot markets due to increased supplies from growing belts and thin demand from guar gum makers.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app