India, June 22 -- Guar seed futures witnessed selling pressure on Monday, with prices falling by Rs 124, or 2.03%, to Rs 5,990 per quintal for the July contract amid ample supplies in the physical market.
On the National Commodity and Derivatives Exchange (NCDEX), the July delivery contract declined as increased arrivals from key producing regions weighed on market sentiment. The contract recorded an open interest of 60,530 lots.
Market participants attributed the weakness in guar seed prices to rising supplies from major growing areas, which eased concerns over availability and put downward pressure on futures prices.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....