New Delhi, May 28 (PTI) Guar seed prices on Thursday went down by Rs 2 to Rs 3,540 per 10 quintal in futures trade as speculators reduced their positions amid weak demand in spot market.

On the National Commodity and Derivatives Exchange, guar seed contracts for June delivery was trading down by Rs 2 at Rs 3,540 per 10 quintal with an open interest of 30,260 lots.

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Similarly, for July delivery, the futures prices fell by Rs 6, or 0.17 per cent, to Rs 3,538 per 10 quintal with an open interest of 10,085 lots.

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

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)