Guar seed prices on Thursday fell by Rs 2 to Rs 4,230 per 10 quintal in futures trade as participants reduced their holdings, in line with weak market trend.
Marketmen attributed the downward trend in guar seed futures to weak demand in spot market amid increasing supplies from growing regions.
On the National Commodity and Derivatives Exchange, guar seed contracts for January delivery fell by Rs 2, or 0.05 per cent, to Rs 4,230 per 10 quintal with an open interest of 52,420 lots.
Similarly, guar seed contracts for February delivery shed Re 1, or 0.03 per cent, to Rs 4,279 per 10 quintal with an open interest of 51,525 lots.
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