Guar Seed Futures Drop on Ample Supplies

Jan 23, 2024 15:22

Guar seed futures declined on the National Commodity and Derivatives Exchange (NCDEX) due to increased supply from producing regions.

New Delhi, Jan 23 (PTI) Guar seed prices on Tuesday declined Rs 95 to Rs 5,509 per 10 quintals in the futures trade amid an increase in supply from producing regions.

On the National Commodity and Derivatives Exchange, guar seed contracts for February delivery plummeted Rs 95 or 1.72 per cent to Rs 5,509 per 10 quintals with an open interest of 72,920 lots.

Marketmen attributed the downward trend in guar seed prices to increasing supplies from growing regions.

MORE NEWS

Nepal Allows Indian High-Value Notes After Ban

Nepal lifts decade-long ban on Indian high-value currency notes (Rs 200 & Rs 500) up to...

SBI Yono 2.0 Launched; Hiring 10,000 Staff

SBI launches Yono 2.0 & plans to hire 10,000 staff to help customers migrate to digital...

Ravi Ranjan Appointed SBI MD

Ravi Ranjan appointed Managing Director of State Bank of India (SBI). He succeeds Vinay...

KSH International IPO: Rs 213 Cr from Anchor...

KSH International raises Rs 213 cr from anchor investors ahead of its IPO. IPO opens...

NCDEX Gets Sebi Nod for Mutual Fund Platform

NCDEX receives Sebi approval for mutual fund platform, paving the way for equity...

WhatsApp Data Sharing: NCLAT Clarifies User...

NCLAT mandates user consent for WhatsApp data collection, including advertising. Learn...

Pajson Agro IPO Subscribed 6.59 Times on Day 3

Pajson Agro India''s Rs 74.4-cr SME IPO subscribed 6.59 times on final day. IPO...

Battery Storage Cost Falls: Rs 2.1/Unit, Power Min

Battery energy storage (BESS) cost drops to Rs 2.1/unit from Rs 10.18 in 2022-23....

India Rice Exports to US: No Dumping, Says...

Commerce Secretary clarifies India exports expensive basmati rice to the US, refuting...

360 One Raises Rs 2,300 Cr Realty Fund

360 One Asset raises Rs 2,300 crore real estate fund, deploying majority in projects....

Guar Seed Futures Drop on Ample Supplies

You May Like To Read

MORE NEWS