On Monday, guar seed prices experienced a decline of Rs 43, settling at Rs 6,085 per quintal in futures trade, attributed to ample supplies in the market.

On the National Commodity and Derivatives Exchange, guar seed contracts for August delivery decreased by Rs 43, or 0.70 per cent, settling at Rs 6,085 per quintal, accompanied by an open interest of 47,165 lots.

Market participants attributed the downward trend in guar seed prices to increasing supplies from growing regions.