MUMBAI, Dec 31 (Reuters) - India's jeera futures are seen opening down on Thursday on weak spot demand, clear weather in the growing regions and sufficient stocks, analysts said. Losses will be limited by short-covering, they 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.
The benchmark January jeera contract NJEF0 ended up 1.96 percent at 14,605 rupees per 100 kg in the previous session.
PEPPER:
Indian pepper futures are likely to open lower on little or no export demand and expectations of arrival hurting sentiment, analysts said.
Domestic prices are expected to ease further from January, when the new crop arrivals start, analysts said.
However, losses until then will be limited by low stocks in the country, analysts said.
The benchmark January pepper contract NPEF0 ended up 0.06 percent at 14,162 rupees per 100 kg in the previous session.
TURMERIC:
India's turmeric futures are likely to extend winning streak into a seventh day on good demand from domestic and overseas buyers and dwindling stocks, but hopes of higher output may prompt profit-taking later, analysts said.
The April turmeric contract NTMJ0 ended up 1.6 percent at 7,471 rupees per 100 kg in the previous session. The contract has risen 6.6 percent in past six sessions.
Carry-forward stocks were low as output had fallen steeply last year due to low acreage and bad weather.
Source : REUTERS