India spices futures seen up on demand, low stocks
MUMBAI, April 17 (Reuters) - Indian spices futures are likely to open up on Thursday on good demand in the spot market and lower stocks in the exchange warehouses, analysts said.
PEPPER:
Indian pepper futures are seen opening higher on Thursday, extending the previous day's gains on bargain hunting, analysts said.
The benchmark May pepper NPEK8 on National Commodity and Derivatives Exchange (NCDEX) is likely to open around 14,120 rupees per 100 kg, said one analyst.
May pepper closed on Wednesday at 14,100 rupees, up 0.21 percent from the previous day.
JEERA:
Jeera futures are seen opening higher on Thursday on the NCDEX on continued buying support from the previous day, when bargain hunting pushed prices up more than 3 percent, analysts said.
The benchmark May jeera NJEK8 on the NCDEX is seen opening around 8,850 rupees per 100 kg, an analyst said.
May jeera closed on NCDEX at 8,811 rupees on Wednesday, up 3.8 percent from the previous day. Continued...
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