India guar futures down on profit-taking

MUMBAI, May 12 (Reuters) - Indian guar futures fell on Monday on profit-taking after rising in the last three sessions, analysts said.

The most-active June futures NGUM8 rose about 6 percent in the last three sessions.

The government last week suspended trading in futures contracts in soyoil, potato, chana or chick pea, and rubber for four months to stem food price increase and inflation.

"Guarseed June contract fell sharply tracking weak spot market after news of monsoon's early arrival (over parts of Bay of Bengal)," said Vibhu Ratandhara, an analyst with Bonanza Commodity Brokers Ltd.

Early rains increase moisture before sowing in this rainfed crop, boosting output and depressing prices, analysts said.

Spot prices in Bikaner, a major trading centre, fell by 27 rupees to 1,848 rupees per 100 kg.

Following are the closing prices of guar seed and gum futures in rupees per 100 kg on the NCDEX <0#NCH:>

Contract Reuters code Closing price Change in %

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