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28-Nov2013

Guar seed futures trade down on higher supply

Guar seed futures traded down in near term contract as higher supplies from the new season crop due to sluggish local market demand and hopes of higher production from the major producing belts. While January contract ruled flat on MCX.

The contract for December delivery was trading at Rs 4,978.00/100 kg, down by 2.98% or Rs 153.00 from its previous closing of Rs 5,131.00/100 kg. The open interest of the contract stood at 2 lots. 

The contract for January delivery was trading flat at its previous close of Rs 5,050.00/100 kg. The open interest of the contract stood at 4 lots on MCX.


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