Guar seed futures decline on low demand

Guar seed prices on Monday eased by Rs 59 to Rs 3,886 per 10 quintal in futures trade.

On the National Commodity and Derivatives Exchange, guar seed contracts for January delivery was trading down by Rs 59, or 1.50 per cent, at Rs 3,886 per 10 quintal with an open interest of 55,915 lots.

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