India jeera up on exports; turmeric falls on rains
MUMBAI, Nov 19 (Reuters) - India jeera futures were trading firm on Thursday as robust export demand and a delay in sowing supported sentiment, analysts said.
At 10.53 a.m., benchmark December jeera NJEZ9 was up 0.12 percent at 14,446 rupees per 100 kg.
Jeera exports in September nearly tripled to 6,000 tonnes from the same period a year ago as leading global producers Syria and Turkey continue to quote at a premium to Indian prices.
A prolonged hot and dry spell has delayed the sowing of cumin, or jeera, slashing acreage 25-30 percent from last year, but traders and analysts said the deficit could narrow if conditions improve. [nBOM487298]
PEPPER
Indian pepper futures were steady in opening trades as thin stocks supported sentiment but slow overseas demand weighed, analysts said.
The Brazilian crop, which is quoting lower and attracting international demand continued to cap gains, they said.
At 10.54 a.m., benchmark December pepper NPEZ9 was down 0.35 percent at 15,093 rupees per 100 kg.
TURMERIC: Continued...
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