Guar seed futures fell by Rs. 22, or 0.26%, to Rs. 8,355 per quintal on Monday, weighed down by ample supplies in the market.
On the National Commodity and Derivatives Exchange (NCDEX), guar seed contracts for December delivery declined Rs. 22 to Rs. 8,355 per quintal, with an open interest of 52,220 lots.
Market participants attributed the decline in guar seed prices to rising arrivals and increased supplies from growing regions.