MUMBAI, Jan 7 (Reuters) - India's jeera futures are seen extending losses for the fourth session on Thursday 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 January jeera contract NJEF0 ended down 0.60 percent at 14,171 rupees per 100 kg in the previous session.
PEPPER:
Indian pepper futures are likely to open lower on lack of export demand and on expectations arrivals would 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 January pepper contract NPEF0 ended up 0.97 percent at 13,965 rupees per 100 kg in the previous session.
TURMERIC:
India's turmeric futures are likely to extend losses into a third straight day on hopes of higher output, a drop in exports in November and as arrivals from new crop began in small quantities, analysts said.
India's turmeric exports in November dropped by 33 percent to 3,000 tonnes, the Spices Board said last week.
The April turmeric contract NTMJ0 ended down 2.78 percent at 7,376 rupees per 100 kg in the previous session.
Carry-forward stocks were low as output had fallen steeply last year due to low acreage and bad weather.
Source : REUTERS