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Guar seed futures fall on low demand

New Delhi,  Guar seed prices fell Rs 12 to Rs 4,288 per 10 quintal in futures trade on Thursday on liquidation of holdings by participants, in line with a weak market trend.Marketmen attributed the downward trend in guar seed futures to weak demand at the spot market amid increasing supplies from growing regions.

On the National Commodity and Derivatives Exchange, guar seed contracts for September delivery fell by Rs 12, or 0.28 per cent, to Rs 4,288 per 10 quintal with an open interest of 65,890 lots.

Similarly, guar seed contracts for October delivery shed Rs 12, or 0.28 per cent, to Rs 4,278 per 10 quintal with an open interest of 63,300 lots