Mumbai- Guar seed and guar gum futures on National Commodity and Derivatives Exchange (NCDEX) traded lower Saturday amid heavy selling in the market.

Demat stock of guar seed at NCDEX monitored warehouses, as of March 27 was 64,671 tonnes, while 509 tonnes were in process. For guar gum, demat stocks were at 7,374 tonnes while 129 tonnes were in process. The MCX warehouses were stacked up with 60 tonnes of guar seed as on March 27.

On NCDEX, Guar seed April contract fell Rs 11 to trade at Rs 1,916 per quintal. Volume traded for April contract is noted at 6,500 tonnes.

May contract traded weaker by Rs 10 at Rs 1,977 per quintal. Total volume traded for May contract is noted at 24,040 tonnes.

On NCDEX, Guar gum April contract lowered by Rs 28 to trade at Rs 4,658 per quintal. Volume traded for April contract is noted at 30 tonnes.

May contract shed Rs 10 to trade at Rs 4,780 per quintal. Volume traded for May contract is noted at 190 tonnes.