Guar seed futures traded down on MCX on expectations of higher production because of an expansion in the area under cultivation and on conducive weather conditions. However, decline in supply and market speculation have supported the Guar seed prices to certain extent in the domestic market.
The contract for October delivery was trading at Rs 6,125.00/100 KG, down by 0.34% or Rs 21.00 from its previous closing of Rs 6,146.00 /100 KG. The open interest of the contract stood at 178 lots.
The contract for November delivery was trading at Rs 5,440.00 /100 KG, down by 2.16% or Rs 120.00 from its previous closing of Rs 5,560.00/100 KG. The open interest of the contract stood at 166 lots on MCX.