Guar seed futures decline amid ample supplies

New Delhi, Jul 12 (PTI) Guar seed prices on Friday declined Rs 11 to Rs 5,444 per 10 quintals in the futures trade amid an increase in supply from producing regions.

On the National Commodity and Derivatives Exchange, guar seed contracts for July delivery plummeted Rs 11 or 0.20 per cent to Rs 5,444 per 10 quintals with an open interest of 10,090 lots.

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