Guarseed futures prices fell by Rs 110 to Rs 3,996 per quintal today, as traders offloaded their holdings tracking weak spot market sentiments.
Market analysts said increased supply of new crops and weak demand from guargum making industries mainly pulled down the prices.
At the National Commodity and Derivatives Exchange platform, guarseed for current month November's contract plummeted by Rs 110, or 2.68%, to Rs 3,996 per quintal, clocking an open interest of 55,990 lots.
Most active December contract also declined by Rs 12, or 0.30%, to Rs 4,044 per quintal, revealing an open interest of 1,80,390 lots.
