Guar seed futures decline on low demand

New Delhi,  Guar seed prices on Friday declined by Rs 11 to Rs 3,917 per 10 quintal in futures trade.

On the National Commodity and Derivatives Exchange, guar seed contracts for February delivery was trading down by Rs 11, or 0.28 per cent, at Rs 3,917 per 10 quintal with an open interest of 44,680 lots.

For March delivery, guar seed prices decreased Rs 12, or 0.3 per cent, to Rs 3,961 per 10 quintal with an open interest of 14,365 lots.

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