India pepper falls on profit-taking; turmeric up

MUMBAI, Nov 4 (Reuters) - Indian jeera futures traded choppy on Wednesday afternoon as support from rising exports was offset by pressure from profit-taking, analysts said.

Prices rose close to 5 percent in the past six trading sessions.

At 3.11 p.m., benchmark November jeera NJEX9 was down 0.91 percent at 13,180 rupees per 100 kg, after hitting contract highs of 13,425 rupees earlier.

Rising export demand, after global competitors such as Syria and Turkey sold at a discount, along with firm spot demand underpinned sentiment, analysts said.

Jeera exports in September nearly tripled to 6,000 tonnes from the same period a year ago.

Sowing of the spice, which commenced last week, will provide further cues for prices, analysts said.

PEPPER

Indian pepper futures were lower as traders booked profits, after prices rose 8 percent in the past six sessions.

The Brazilian crop, which is quoting lower and attracting international demand, also weighed on sentiment, they said.