MUMBAI, Jan 6 (Reuters) - India's jeera futures are seen opening weak for the third straight session on Wednesday on weak spot demand, higher output estimates and sufficient stocks, analysts said.
In India, the jeera plant is grown as a rabi, or winter-sown crop, in October-December and harvested in February, March and April.
Jeera exports in November 2009 dipped to 4,000 tonnes from 4,500 tonnes in the same period a year ago.
The benchmark January jeera contract NJEF0 ended down 1.59 percent at 14,256 rupees per 100 kg in the previous session.
PEPPER:
Indian pepper futures are likely to open lower on lack of export demand and expectations of arrivals hurting sentiment, analysts said.
Pepper exports have remained sluggish throughout the year mainly due to premium Indian prices. Exports declined by 29 percent to 1,500 tonnes in November.
India's pepper output in 2010 is expected around last year's levels, but prices are unlikely to fall sharply in coming months due to low carry-over stocks, a Reuters poll of eight traders, exporters and analysts showed. [nSGE604035] The benchmark January pepper contract NPEF0 ended down 2.62 percent at 13,831 rupees per 100 kg in the previous session.
India's turmeric futures are likely to open steady as dwindling stockpile seen offsetting hopes of higher output and a drop in exports in November, analysts said.
India's turmeric exports in November dropped by 33 percent to 3,000 tonnes, the Spices Board said last week.
The April turmeric contract NTMJ0 ended down 2.68 percent at 7,587 rupees per 100 kg in the previous session.
Carry-forward stocks were low as output had fallen steeply last year due to low acreage and bad weather.
Source : REUTERS