Guar seed futures decline amid ample supplies

New Delhi, Nov 28 (PTI) Guar seed prices on Thursday declined Rs 9 to Rs 5,212 per quintal in the futures trade amid ample supplies.

On the National Commodity and Derivatives Exchange, guar seed contracts for December delivery fell Rs 9 or 0.17 per cent to Rs 5,212 per quintal with an open interest of 50,260 lots.

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