Guarseed prices declined in the future market today on profit booking at prevailing higher levels amid new arrivals in the spot markets.
At the National Commodity and Derivatives Exchange, guarseed for delivery in May lost Rs 553, or 2.97%, to Rs 18,055 per quintal, with an open interest of 520 lots.
The March contract shed Rs 37, or 0.20%, to Rs 18,745 per quintal, with an open interest of 19,450 lots.
However, the July contract gained Rs 524, or 2.90%, to Rs 18,600 per quintal, with an open interest of 400 lots.
