India spices ease on profit-taking; arrivals weigh

MUMBAI, April 22 (Reuters) - Indian spices futures eased on Tuesday afternoon on profit-taking prompted by rise in arrivals, analysts said.

PEPPER:

Indian pepper futures were down on afternoon due to lower prices in competing Vietnam, which was putting pressure in the domestic market, analysts said.

At 2:09 p.m., the benchmark May pepper NPEK8 on the National Commodity & Derivatives Exchange Ltd (NCDEX) was down 0.51 percent at 14,330 rupees per 100 kg.

In Kochi, Kerala, the spot price was up by 26 rupees to 14,450 rupees per 100 kg.

JEERA:

Jeera futures pared early gains on profit-taking driven by higher arrivals in the physical market, analysts said.

At 2:10 p.m., the benchmark May jeera NJEK8 was at 9,117 rupees, down 0.60 percent.

In Unjha, Gujarat, the spot price was up by 16 rupees to 9,185 rupees per 100 kg.