India, June 18 -- Guar seed futures traded lower on Thursday as ample supplies from key producing regions weighed on market sentiment.
On the National Commodity and Derivatives Exchange (NCDEX), guar seed contracts for July delivery declined by Rs 27, or 0.44 per cent, to Rs 6,118 per quintal, with an open interest of 64,175 lots.
According to market participants, increased arrivals and adequate availability of guar seed in major growing regions put pressure on prices, prompting traders to trim their positions in the futures market.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....