Guar Seed Futures Decline on Ample Supply
Guar seed futures prices fell on Wednesday due to increased supply from producing regions. The July contract on the National Commodity and Derivatives Exchange declined by Rs 21 to Rs 5,348 per 10 quintals.
New Delhi, Jun 26 (PTI) Guar seed prices on Wednesday declined Rs 21 to Rs 5,348 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 July delivery plummeted Rs 21 or 0.39 per cent to Rs 5,348 per 10 quintals with an open interest of 43,950 lots.
Marketmen attributed the downward trend in guar seed prices to increasing supplies from growing regions.
On the National Commodity and Derivatives Exchange, guar seed contracts for July delivery plummeted Rs 21 or 0.39 per cent to Rs 5,348 per 10 quintals with an open interest of 43,950 lots.
Marketmen attributed the downward trend in guar seed prices to increasing supplies from growing regions.
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