India spices futures fall on arrivals, profit-taking
MUMBAI, May 13 (Reuters) - Indian spices futures opened weak on Tuesday due to higher arrivals and profit-taking, analysts said.
JEERA:
Indian jeera futures opened lower on higher arrivals in the physical market, analysts said.
However, rising demand from domestic as well as export markets may restrict the losses during the later part of the day, they said.
At 10:31 a.m., the July contract NJEN8 on the National Commodity and Derivatives Exchange (NCDEX) was down 2.19 percent at 11,165 rupees per 100 kg.
PEPPER
Indian pepper futures opened weak on sluggish export demand due to lower prices in Vietnam, analysts said.
In Vietnam, prices have come down as arrivals have increased during the harvesting season, they said.
At 10:32 a.m., June pepper NPEM8 was trading at 14,121 rupees per 100 kg, down 0.32 percent. Continued...
