Guarseed prices moved down by Rs 22 to Rs 3,015 per quintal in future trade today as traders off-loaded positions, guided by a weak physical market sentiment.
Market analysts said increased supply in tandem with sluggish demand from guargum making industries at physical markets, influenced the trading sentiments at futures trade.
At the National Commodity and Derivatives Exchange, guarseed prices for delivery in June moved down by Rs 22, or 0.72%, to Rs 3,015 per quintal, with an open interest of 1,200 lots.
Likewise, guarseed prices for delivery in April fell by Rs 19, or 0.65%, to Rs 2,926 per quintal, with a business volume of 1,80,530 lots.