Guar Seed Futures Fall Rs 15 on Ample Supplies
Guar seed futures slip Rs 15 to Rs 6,687 per quintal on NCDEX as arrivals increase.
LUCKNOW- Guar seed futures declined on Wednesday, with the guar seed price dropping Rs 15 to Rs 6,687 per quintal. On the NCDEX, October delivery contracts slipped 0.22 per cent, reflecting weak sentiment in today's commodity market update.
The NCDEX guar seed October contract recorded an open interest of 56,700 lots during trade. Traders watched positions closely as prices eased, making this one of the notable agri commodity price movements in Wednesday's futures session.
Marketmen attributed the fall to increasing supplies from key growing regions. Ample arrivals weighed on the guar seed rate, and traders expect price direction to depend on incoming stock, a crucial signal for the ongoing commodity trading outlook.
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