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India guar futures seen lower on profit-taking, monsoon

Thu May 15, 2008 9:35am IST
 
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MUMBAI, May 15 (Reuters) - Indian guar futures may open slightly lower on Thursday on profit-taking after the previous session's gains and talks of an early monsoon, which may boost output and depress prices, analysts said.

However, export demand for the commodity from China may limit losses, analysts said.

June futures NGUM8 ended at 1,884 rupees per 100 kg, up 1.02 percent in the previous trading session.

(Reporting by Sourav Mishra; editing by Sunil Nair)

 
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