Guar seed prices declined on Wednesday due to increased supply from producing regions, leading to a drop in futures contracts on the National Commodity and Derivatives Exchange.
New Delhi, Jun 12 (PTI) Guar seed prices on Wednesday declined Rs 20 to Rs 5,350 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 June delivery plummeted Rs 20 or 0.37 per cent to Rs 5,350 per 10 quintals with an open interest of 8,895 lots.
Marketmen attributed the downward trend in guar seed prices to increasing supplies from growing regions.
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