India pepper seen down on rains; turmeric up

MUMBAI, July 6 (Reuters) - Indian jeera futures are likely to open steady on Monday as a healthy global crop this season is likely to weigh on sentiment, but buying at lower levels is expected to underpin prices, analysts said.

Good crop from Syria and Turkey is weighing on Indian exports this season.

However, reports of rainfall in the past week in Turkey and buying on lower levels to establish parity between spot and futures prices is expected to support prices, analysts said.

The benchmark July contract NJEN9 ended up 0.53 percent at 10,753 rupees per 100 kg the previous session.

PEPPER:

India pepper futures are likely to open down on reports of sufficient rains in the growing regions and weak export demand, analysts said.

Indian rates are higher than rates quoted by Vietnam and Indonesia and so export demand is weak, analysts said.

Pepper exports in the first two months of the current fiscal fell 46 percent to 3,000 tonnes compared to a year ago.

However, losses will be limited as domestic demand continued to be firm due to low stocks, analysts added.