MUMBAI, Sept 2 (Reuters) - Indian jeera futures are likely to open weak on Wednesday as rains and thin exports are expected to hurt sentiment, analysts said.
Rains in the producing region is expected to enhance the moisture content of the soil, which could benefit the crop when sowing starts in October, analysts said.
The benchmark September contract NJEU9 ended up 0.36 percent at 11,227 rupees per 100 kg the previous session.
PEPPER:
India pepper futures are likely to open up on hopes of a revival in export demand, analysts said.
Internationally, other origin peppers are quoting higher than India and that will ensure export demand trickling back in the coming weeks, analysts said.
The benchmark September contract NPEU9 ended up 1.3 percent at 14,849 rupees per 100 kg in the previous session.
TURMERIC:
Turmeric futures are likely to extend gains on lower stocks and a firm spot market, where festivals sparked demand, analysts said.
At the end of June, trade estimates put stocks in the country at 1.35 million bags, while demand for June to February period is pegged at 2.2 million bags. Peak turmeric arrival season begins from March.
The September contract NTMU9 ended up 0.13 percent at 7,679 rupees per 100 kg in the previous trading session.
But forecast of rains in growing areas like Andhra Pradesh, Karnataka and Tamil Nadu may prompt profit-taking later in the day, analysts said.
Source : REUTERS