MUMBAI, Feb 3 (Reuters) - Indian jeera futures are likely to open lower on Tuesday on the back of some fresh profit booking, analysts said.
However, prices are seen moving up later in the day on the back of worries over this season's crop output which is likely to take a hit due to bad weather in the growing regions, analysts said.
The benchmark March contract NJEH9 ended up 1.61 percent at 11,915 rupees per 100 kg the previous session. It may open around 11,885 rupees, an analyst said.
PEPPER:
India pepper futures are likely to open higher on the back of slow new crop arrivals, robust domestic demand and anticipated rise in overseas buying, analysts said.
An expected output disruption in Kerala has delayed new crop arrivals even as farmers hoard stocks, hoping for better prices, they said.
Export demand will also pick up in coming weeks as the output from Vietnam is expected to be lower, they added.
The benchmark February contract NPEG9 ended up 1.41 percent at 12,259 rupees per 100 kg in the previous session. It may open around 12,299 rupees, an analysts said.
Source : REUTERS INDIA