India jeera, pepper seen lower; turmeric up

India jeera futures are likely to open down on Tuesday as continuing arrivals keep a lid on prices, analysts said.

The arrival season, which began in February, will continue through April.

The benchmark March contract NPEH9 ended down 1.95 percent at 11,328 rupees per 100 kg the previous session. It may open at around 11,288 rupees, an analyst said.


PEPPER:

Futures are likely to open lower on weak export demand amid increased production from Karnataka, analysts said.

Worries about a shift in export demand to countries like Vietnam, where pepper prices are lower, will also weigh on sentiment, they added.

The benchmark March contract NPEH9 ended down 0.53 percent at 10,890 rupees per 100 kg in the previous session. It may open around 10,850 rupees, an analysts said.

TURMERIC:
Futures may extend the previous session's gains on thin carryover stocks from last year's harvest, analysts said.

Source : REUTERS INDIA