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Guar seed futures decline amid ample supplies

NEW DELHI: Guar seed prices on Friday declined Rs 25 to Rs 5,266 per quintal in the futures trade amid ample supplies.

On the National Commodity and Derivatives Exchange, guar seed contracts for December delivery fell Rs 25 or 0.47 per cent to Rs 5,266 per quintal with an open interest of 39,400 lots.

Marketmen attributed the downward trend in guar seed prices to increasing supplies from growing regions. PTI