Tue Jun 30, 2009 6:35pm IST
MUMBAI, June 30 (Reuters) - India guar seed futures ended lower on Tuesday as the monsoon entered Rajasthan, a key producer, analysts said.
"South-west monsoon has further advanced into.. some more parts of east Rajasthan," India Meteorological Department said on its website on Tuesday.
However, estimates of a 10 percent fall in acreage limited losses, analysts said.
Guar is primarily a rain-dependent crop and good monsoon will increase output and supplies, depressing prices, analysts said.
"Monsoon will be a crucial factor for guar," said Kapil Gandhi of STCI Commodities.
Combined open interest of guar seed futures rose to 239,430 tonnes on Tuesday from 234,940 tonnes on Monday, while volume rose to 197,380 tonnes from 181,010 tonnes.
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 %
http://in.reuters.com/article/domesticNews/idINBOM30912620090630?pageNumber=1&virtualBrandChannel=0&sp=true
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