NEW DELHI, Sept 13: After hitting daily upper limit in last few sessions, guarseed prices dropped by Rs 190 to Rs 7,850 per quintal in futures trading today following profit taking at prevailing higher levels.
Marketmen said slackness in demand from guargum makers and increased supply from growing regions in physical markets mainly put pressure in futures trade.
At the National Commodity and Derivatives Exchange, guarseed for October contract slipped by Rs 190, or 2.36 per cent, to Rs 7,850 per quintal, with an open interest of 7,349 lots.
Most active November month also dipped by Rs 150, or 1.94 per cent, to Rs 7,580 per quintal, having an open interest of 9,174 lots. (PTI)
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