Guar seed prices on Friday fell by Rs 20 to Rs 3,806 per 10 quintal in futures trade as participants reduced their holdings in line with a weak spot demand.
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 March delivery fell by Rs 20, or 0.52 per cent, to Rs 3,806 per 10 quintal with an open interest of 28,785 lots.
Similarly, guar seed contracts for April delivery shed Rs 30, or 0.79 per cent, to Rs 3,790 per 10 quintal with an open interest of 61,815 lots.
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