MUMBAI, Aug 12 (Reuters) - Indian jeera futures are likely to open up on Wednesday on firm internal demand and weak rains which may impact output, analysts said.
However, gains will be limited as export demand for the spice continue to remain limited after a better-than-expected global crop this season, analysts said.
The benchmark September contract NJEU9 ended down 0.62 percent at 12,472 rupees per 100 kg the previous session.
PEPPER:
India pepper futures are likely to open up on reviving exports, strong internal demand and a weak monsoon, analysts said.
The September contract has risen more than 18 percent so far in August.
Shrinking price gap with Indonesia, Brazil and Vietnam is making Indian pepper exports more attractive, they added.
The benchmark September contract NPEU9 ended down 1.67 percent at 15,214 rupees per 100 kg in the previous session.
Source : REUTERS