Guar seed futures fall amid ample supplies

New Delhi, Dec 31 (PTI) Guar seed prices on Tuesday declined Rs 11 to Rs 5,287 per quintal in the futures trade amid ample supplies.

On the National Commodity and Derivatives Exchange, guar seed contracts for January delivery fell Rs 11 or 0.21 per cent to Rs 5,287 per quintal with an open interest of 51,440 lots.

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