Guar seed prices on Monday edged lower by Rs 36 to Rs 4,114 per 10 quintal in futures trade as participants reduced their holdings in line with a weak market trend.
Marketmen attributed the downward trend in guar seed prices to increasing supplies from growing regions.
On the National Commodity and Derivatives Exchange, guar seed contracts for February delivery fell by Rs 36, or 0.87 per cent, to Rs 4,114 per 10 quintal with an open interest of 89,330 lots.
Similarly, guar seed contracts for March delivery shed Rs 42, or 0.91 per cent, to Rs 4,150 per 10 quintal with an open interest of 5,225 lots.
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