Guar seed futures decline amid ample supplies

New Delhi, Nov 21 (PTI) Guar seed prices on Thursday declined Rs 18 to Rs 5,218 per quintal in the futures trade amid ample supplies.

On the National Commodity and Derivatives Exchange, guar seed contracts for December delivery fell Rs 18 or 0.34 per cent to Rs 5,218 per quintal with an open interest of 54,190 lots.

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