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Guar seed futures fall on market trend

Press Trust of India  |  New Delhi 

seed prices dropped by Rs 11.50 to Rs 4,145 per in futures trade today following trimming of bets by investors depressed by discouraging physical leads.

Market players said, traders minimised holdings in line with the market trend where prices ruled in red on mounting stocks due to constant supplies from growing regions amid withdrawal of support by gum makers at higher levels, which led to fall in its prices.

At the National Commodity and Derivatives Exchange, seed delivery for October slipped by Rs 11.50, or 0.28 per cent to Rs 4,145 per quintal, with an open interest of 84,010 lots.

The delivery for July contract slackened by Rs 11, or 0.27 per cent, to Rs 3,990 per quintal, having an open interest of 20,770 lots.

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

First Published: Mon, July 09 2018. 14:30 IST