Guar seed futures decline amid ample supplies

New Delhi, Jul 24 (PTI) Guar seed prices on Wednesday declined Rs 31 to Rs 5,451 per quintal in the futures trade amid an increase in supply from producing regions.

On the National Commodity and Derivatives Exchange, guar seed contracts for August delivery plummeted Rs 31 or 0.57 per cent to Rs 5,451 per quintal with an open interest of 49,300 lots.

Marketmen attributed the downward trend in guar seed prices to increasing supplies from growing regions. PTI SGC SHW