MUMBAI, Jan 14 - India's guar seed futures fell over 1 percent on Thursday weighed by subdued guar gum exports, poor demand from stockists and ample stocks, analysts said.
Outlook remains weak for gaur in the short-term,they said.
"Till the time trading activities do not gear up in the export market, prices will remain lower," said Vandana Bharti, senior analyst at SMC Comtrade.
On NCDEX accredited warehouses, guar seed stocks rose by 159 tonnes to 30,526 tonnes as on Jan. 13, data on the exchange website showed.
In the Jodhpur spot market, guar seed price was higher by 21 rupees to 2,545 rupees per 100 kg at Jodhpur, Rajasthan.
Lower area and poor yields due to patchy rains are estimated to have cut guar seed output by over 80 percent to produce 241,000 tonnes in top producer Rajasthan in 2009/10.
Following are the closing prices of guar seed <0#NGU:> in rupees per 100 kg, and guar gum futures
Source : REUTERS