Guar seed prices on Wednesday went down by Rs 16 to Rs 4,117 per 10 quintal in futures trade.
On the National Commodity and Derivatives Exchange, guar seed contracts for September delivery was trading at Rs 4,117 down by Rs 16, or 0.39 per cent, per 10 quintal with an open interest of 34,480 lots.
Likewise, for October delivery, the futures prices decreased Rs 5 or 0.12 per cent, to Rs 4,137 per 10 quintal with an open interest of 8,245 lots.
Marketmen attributed the downward trend in guar seed prices to increasing supplies from growing regions. PTI