Guar seed prices fell by Rs 86 to Rs 4,371 per 10 quintal in futures trade Tuesday amid offloading of exposure by investors, in sync with a weak trend at the physical markets.
On the National Commodity and Derivatives Exchange, guar seed contracts for delivery in May moved down by Rs 86, or 1.93 per cent, to Rs 4,371 per 10 quintal with an open interest of 1,20,070 lots.
Similarly, the rates for June contracts fell Rs 81, or 1.79 per cent, to Rs 4,433 per 10 quintal with an open interest of 13,220 lots.
Marketmen said cutting down of positions by participants, following a weak trend at the spot markets due to soaring stocks against muted demand from guar gum makers, led to the fall in guar seed futures.
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