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Guar seed futures fall by Rs 24.5 per quintal

Press Trust of India  |  New Delhi 

seed prices 24.5 to trade at Rs 4,238 per in futures trade Tuesday as investors cut down holdings due to weak trend at the physical markets.

Marketmen attributed the fall in seed futures to soaring stocks on relentless supplies from producing areas, amid withdrawal of support by gum makers in the spot markets.

At the National Commodity and Derivatives Exchange, guar seed for March-delivery contracts was trading lower by Rs 24.5, or 0.57 per cent, at Rs 4,238 per with an open interest of 470 lots.

Contracts for April delivery also fell by Rs 21.5, or 0.5 per cent, to Rs 4,302 per with an open interest of 1,10,020 lots.

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

First Published: Tue, March 12 2019. 15:40 IST