Guarseed prices declined by Rs 18, or 0.82 per cent, to Rs 2175 per quintal in futures trade today following selling pressure from traders in line with weak spot market sentiment.
Marketmen said weak demand and expectations of better crop this season due to better rains in growing areas mainly kept the prices under pressure in futures trade.
Demand for Churi and Korma have also reduced, this also influenced the trading sentiments.
At the National Commodity and Derivatives Exchange(NCDEX) guarseed price for November month contract declined by Rs 18, or 0.82 per cent, to Rs 2175 per quintal, showing an open interest of 1720 lots.
The September month contract too dipped by Rs 14, or 0.65 per cent, to Rs 2137 per quintal, with an open interest of 1,83,280 lots.
