MUMBAI, Jan 11 (Reuters) - India's jeera futures are seen opening down on Monday 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 February jeera contract NJEG0 ended up 0.95 percent at 13,818 rupees per 100 kg in the previous session.
PEPPER:
Indian pepper futures are likely to open lower on lack of export demand and as arrivals pick up, 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.
The benchmark February pepper contract NPEG0 ended up 0.04 percent at 13,977 rupees per 100 kg in the previous session.
TURMERIC:
India's turmeric futures are likely to extend losses on hopes of higher output due to expanded acreage, fresh arrivals and weak export demand, analysts said.
India's turmeric exports in November dropped by 33 percent to 3,000 tonnes, the Spices Board said last week.
Turmeric arrivals usually start in mid-January in small quantities and gain momentum from March. The peak season runs till June.
The April turmeric contract NTMJ0 ended down 0.26 percent at 7,546 rupees per 100 kg in the previous session.
Thin carry-forward stocks seen limiting the downside, they added.
Source : REUTERS