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Guar seed futures fall on soft demand

Press Trust of India  |  New Delhi 

Guar seed prices on Wednesday fell by Rs 6 to Rs 4,236 per 10 quintal in futures trade as participants reduced their holdings in line with weak market trend.

Marketmen attributed the downward trend in guar seed futures to weak demand in spot market amid increasing supplies from growing regions.

On the National Commodity and Derivatives Exchange, guar seed contracts for November delivery fell by Rs 6, or 0.14 per cent, to Rs 4,236 per 10 quintal with an open interest of 34,960 lots.

Similarly, the contracts for December delivery shed Rs 1.5, or 0.04 per cent, to Rs 4,242 per 10 quintal with an open interest of 88,860 lots.

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

First Published: Wed, November 06 2019. 13:50 IST