Guar Seed Futures Drop on Low Demand
Guar seed futures fell on Monday due to weak demand and ample supply. Prices dropped Rs 7 to Rs 5,407 per quintal on the National Commodity and Derivatives Exchange.
New Delhi, Sep 16 (PTI) Guar seed prices on Monday dropped Rs 7 to Rs 5,407 per quintals in the futures market as traders offloaded their holdings in line with a weak trend in the spot market.
On the National Commodity and Derivatives Exchange, guar seed for October delivery fell Rs 7 or 0.13 per cent to Rs 5,407 per quintals in 48,075 lots.
Marketmen said slackness in demand in the spot market and ample supplies from growing regions put pressure on guar seed prices.
On the National Commodity and Derivatives Exchange, guar seed for October delivery fell Rs 7 or 0.13 per cent to Rs 5,407 per quintals in 48,075 lots.
Marketmen said slackness in demand in the spot market and ample supplies from growing regions put pressure on guar seed prices.
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