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India spices seen up, turmeric may extend gains

Wed Nov 4, 2009 9:41am IST
 
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MUMBAI, Nov 4 (Reuters) - Indian jeera futures are expected to open up on Wednesday 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.

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

The benchmark November contract NJEX9 ended up 3.11 percent at 13,187 per 100 kg the previous session.

PEPPER

Indian pepper futures are seen opening firm on low stocks and domestic demand, analysts said.

Gains are expected to be limited as the Brazilian crop is quoting lower and attracting international demand, they said.

The bechmark November pepper NPEX9 ended up 2.41 percent at 15,371 rupees per 100 kg in the previous session.

TURMERIC:  Continued...

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