Guarseed price down 14% in four days

Bumper crop estimates on the basis of good monsoon this year as predicted by the weather bureau has seen the guarseed price decline 14% in the last four days to Rs 2,008 per quintal from Rs 2,320 per quintal on May 13.

Despite the May contracts coming to an end, guarseed price looks in no position to see any upward movement unlike other contracts that generally peak towards the date of settlement.