MUMBAI, Nov 24 (Reuters) - India jeera futures opened up on Tuesday as robust overseas demand and a fall in acreage supported sentiment, analysts said.
At 10.35 a.m., benchmark December jeera NJEZ9 was up 1.26 percent at 15,665 rupees per 100 kg.
Reports about excessive rainfall in leading producers Syria and Turkey, which would impact their season's production, also supported sentiment, analysts said.
Export demand is firm as Syria and Turkey continue to quote at a premium to Indian prices.
A prolonged hot and dry spell has delayed the sowing of cumin, or jeera, slashing acreage 25-30 percent from last year, but traders and analysts said the deficit could narrow if conditions improve.
PEPPER
Indian pepper futures also opened up on thin stocks and firm overseas demand, analysts said.
The Brazilian crop, which is quoting lower and attracting international demand, however, may hurt sentiment during the day, they said.
At 10.36 a.m., benchmark December pepper NPEZ9 was up 0.54 percent at 15,776 rupees per 100 kg.
TURMERIC:
India's turmeric futures hit their lower circuit in early trade as pressure from higher margin and hopes recent rains would boost yields hurt sentiment, analysts said.
At 10.42 a.m., benchmark December turmeric NTMZ9 was down 3.99 percent at 9,574 rupees per 100 kg.
Major turmeric producing states like Andhra Pradesh, Maharashtra, Karnataka and Tamil Nadu received rains in the past two weeks.
The NCDEX imposed an additional special margin of 10 percent on the long side of all turmeric contracts from last week.
Source : REUTERS