MUMBAI, Jan 14 (Reuters) - India's jeera futures are seen hitting new lows on Thursday on higher production expected this season, weak physical offtake 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 down 0.28 percent at 13,180 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. [nSGE604035]
The benchmark February pepper contract NPEG0 ended down 0.07 percent at 13,522 rupees per 100 kg in the previous session.
TURMERIC:
India turmeric futures may edge lower on Thursday morning pressured by hopes of rising arrivals and weak exports, 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 closed 0.18 percent lower at 7,392 rupees per 100 kg.
Source : REUTERS