Guar Seed Futures Drop on Ample Supply
Jan 16, 2024 15:10
Guar seed futures declined in India on Tuesday due to increased supply from producing regions. The National Commodity and Derivatives Exchange saw prices fall for January delivery contracts.
New Delhi, Jan 16 (PTI) Guar seed prices on Tuesday declined Rs 7 to Rs 5,493 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 January delivery plummeted Rs 7 or 0.13 per cent to Rs 5,493 per 10 quintals with an open interest of 1,880 lots.
Marketmen attributed the downward trend in guar seed prices to increasing supplies from growing regions.
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