Jeera, pepper fall on profit-taking; turmeric hits new highs

MUMBAI, Nov 4 (Reuters) - Indian jeera futures opened up on Wednesday but soon turned negative on profit-taking, analysts said.

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

At 10.58 a.m., benchmark November jeera NJEX9 was down 1.12 percent at 13,152 rupees per 100 kg, after a hitting contract highs of 13,425 rupees earlier.

Losses, however, will be limited as rising export demand and a firm spot is seen underpinning sentiment, analysts said.

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

PEPPER

Indian pepper futures also opened firm but traders soon 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.

Low stocks and firm domestic demand will cap losses during the session, analysts said.