Jeera, pepper fall on weak export demand.

Turmeric futures rose on improvement in export demand and lower stocks in warehouses compared to last year, analysts said.
At 10:23 a.m., the benchmark December contract NTMZ8 was up 0.40 percent at 3,544 rupees per 100 kg.

A likely rise in the output in 2008/09 due to favourable weather was capping the gains.

CHILLI:

Chilli futures extended gains tracking a recovery in the spot market and a likely fall in output in 2008/09 due to a drop in acreage, analysts said.

At 10:24 a.m., the December contract NCBZ8 was up 2.02 percent at 5,362 rupees per 100 kg.

Fresh arrivals from Madhya Pradesh and lower export demand were weighing on prices.

PEPPER:

India's pepper futures opened weak on hopes of higher production and on sluggish exports, analysts said.

Output in Karnataka, the country's second largest producer, may rise by 10-20 percent due to conducive weather, they said.

India shipped 12,750 tonnes of pepper in April-Sept, a fall of 33 percent, due to higher Indian prices.

However, a tight supply situation in the physical market may cap the losses, they said.

At 10:33 a.m., the most-active December contract NPEZ8 on National Commodity and Derivatives Exchange was down 0.62 percent at 10,975 rupees.

JEERA:

Indian jeera futures opened lower on sluggish export demand, but weak arrivals and low stocks in the warehouses may cap the losses later in the day, analysts said.

Jeera exports, which had been rising till August, declined about 40 percent to 2,250 tonnes in September.

Total stocks in the NCDEX warehouses stood at 385 tonnes as on Nov 5.

At 10:39 a.m., January jeera NJEF9 was down 0.52 percent at 10,583 rupees per 100 kg.

Source : Reuters India