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Guar seed futures slump amid ample supplies

Press Trust of India  |  New Delhi 

Guar seed prices on Monday fell by Rs 56 to Rs 4,036 per 10 quintal in futures trade as participants reduced their holdings in line with a 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 December delivery fell by Rs 56, or 1.37 per cent, to Rs 4,036 per 10 quintal with an open interest of 48,300 lots.

Similarly, the contracts for January delivery shed Rs 57, or 1.39 per cent, to Rs 4,074 per 10 quintal with an open interest of 51,155 lots.

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

First Published: Mon, December 02 2019. 13:25 IST