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Agri Commodities: Guar seed, mustard seed, guar gum futures decline on muted demand

New Delhi: Guar seed prices were down by Rs 5 to Rs 4,341 per 10 quintal in futures trade Friday as traders trimmed their bets in line with subdued lead at the physical markets.

Guar seed futures declined due to soaring stocks on continuous supplies from growing belts, marketmen said.

On the National Commodity and Derivatives Exchange counter, guar seed delivery for July contracts declined by Rs 5, or 1.2 per cent, to Rs 4,341 per 10 quintal with an open interest of 59,300 lots.

The delivery for August contracts softened by Rs 12, or 5.5 per cent, to Rs 4,424 per 10 quintal with an open interest of 14,560 lots.

Mustard seed

Mustard seed prices fell 0.23 per cent to Rs 3,957 per quintal in futures trade Friday as speculators were indulged in trimming positions amid subdued cues from the physical markets.

On the National Commodity and Derivatives Exchange, mustard seed for June contracts declined by Rs 9, or 0.23 per cent, to Rs 3,957 per quintal, having an open interest of 57,290 lots.

Mustard seed for July contracts was also trading down by Rs 7, or 0.18 per cent, to Rs 3,989 per quintal, in an open interest of 66,300 lots.

Marketmen attributed the persistent weakness in prices to cutting down of positions by participants amid weak trend at the spot market.

Guar gum

Guar gum prices fell 0.05 per cent to Rs 8,698 per 5 quintal in futures trade Friday as investors cut bets amid muted export demand.

On the National Commodity and Derivatives Exchange, guar gum for delivery in July contracts was trading lower by Rs 4, or 0.05 per cent, to Rs 8,698 per 5 quintal showing an open interest of 39,345 lots.

Similarly, delivery for the most-active August contracts fell by Rs 93, or 1.05 per cent, to Rs 8,739 per 5 quintal mirroring an open interest of 1,205 lots.

Refined soya oil

Refined soya oil prices dipped 0.35 per cent to Rs 741.3 per 10 kg in futures trade Friday as speculators trimmed their bets, triggered by adequate supply at spot market.

On the National Commodity and Derivatives Exchange, refined soya oil for July contracts declined by Rs 2.6, or 0.35 per cent, to Rs 741.3 per 10 kg with an open interest of 40,800 lots.

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