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Guar seed futures decline by Rs 17.50

Press Trust of India  |  New Delhi 

seed prices showed a fall of Rs 17.50 to Rs 3,960 per in futures trade today on shortening of exposures by traders in sync with weak physical markets.

Market players said relentless supplies from growing areas amid lack of buying support from gum makers at spot markets, kept investors cautious, marking the downtrend in seed futures prices.

At the National Commodity and Derivatives Exchange counter, guar seed delivery for July went down by Rs 17.50 or 0.44 per cent to Rs 3,960 per quintal, with an open interest of 12,880 lots.

The delivery for June also came down by Rs 10.50 or 0.27 per cent to Rs 3,920 per quintal, having a business turnover of 92,280 open lots.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 16 2018. 12:15 IST