Mumbai, Oct 4 - Indian guar seed futures fell on Thursday on profit-taking as traders awaited the outcome of a European Union team's visit, analysts said.
Revised penalty charges for traders failing to meet delivery obligations, also weighed on sentiment.
"Prices were rising for last two sessions. Today there was some profit-booking," said an analyst at Karvy Comtrade.
A team from health & consumer protection cell of the EU came to India on Thursday to investigate into traces of carcinogenics in guar products, analysts and government officials said.
Food products in several European countries that used guar gum from an Indian exporter were recalled after toxins were found in them.
"Traders are waiting for the European Union team's decision," said an analyst at Delhi-based commodity brokerage.
A change in penalty norms, which gave more liberty to sellers also affected guar futures, analysts said.
The National Commodity & Derivatives Exchange Ltd (NCDEX) said on Thursday defaulters will have to pay 2.5 percent penalty on the final settlement price (FSP) of the expired contract. The penalty was 5 percent earlier.
Seed spot price in Jodhpur was unchanged at 1,673 rupees per 100 kg. Guar seed stock at NCDEX-accredited warehouses stood at 29,154 tonnes, as per latest data available.