India guar seed futures steady; profit-taking weighs

MUMBAI, Oct 27 (Reuters) - India guar seed futures ended steady on Tuesday as lower crop output fears was outweighed by profit-taking at higher levels, analysts said.

Poor monsoon has damaged nearly 70 percent of the standing guar crop in Rajasthan, which accounts for four-fifth of the country's guar acreage, a top state government official said last month.

"We estimate a more than 50 percent drop in output," said an analyst with a Delhi-based brokerage.

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

Contract Reuters code Closing price Change in %

=========================================================

Guar seed

November NGUX9 2,449 +0.1

December NGUZ9 2,493 +0.04