New Delhi, February 28: Guar seed futures saw a marginal decline in prices on Friday, slipping by Rs 6 to reach Rs 5,271 per quintal, primarily driven by abundant supply from major producing regions.
On the National Commodity and Derivatives Exchange (NCDEX), guar seed contracts set for March delivery recorded a modest fall of Rs 6, representing a 0.11% decrease. The contracts settled at Rs 5,271 per quintal with a reported open interest of 45,470 lots, indicating significant market participation.
Market experts attributed the softening of guar seed prices to increased supply entering the market from key growing areas. This influx has put downward pressure on prices, impacting market sentiments in futures trade.
The current scenario underscores how supply dynamics continue to influence guar seed trading activities in commodity markets.
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