Jeera, Chilli, Turmeric Rise On Demand; Pepper Falls

MUMBAI: Indian jeera futures rose on Friday on reports of rains in Rajasthan and good domestic and export demand, analysts said. There were rains and storm on Friday morning in major jeera growing regions in Rajasthan, which was expected to affect the crop, said Rakesh Jain, a Jodhpur-based trader.

During early trade, the benchmark May contract rose 0.48 per cent to Rs 8,910 per 100 kg.

CHILLI: Indian chilli futures extended gains in early trade due to good export demand and scarcity of quality produce in the spot market, analysts said. During early trade, the benchmark June contract on NCDEX was up 0.7 per cent at Rs 4,720 per 100 kg.

However, profit-taking may emerge in the later part of the day on expected rise in arrivals.

TURMERIC: Indian turmeric futures were up in morning trade on lower output estimates and good demand in the physical market, analysts said. During early trade, the benchmark May contract on the NCDEX was up 0.96 per cent at Rs 3,268 per 100 kg.

However, rising arrivals in peak harvesting season may restrict gains.

PEPPER: Indian pepper futures were trading lower on sluggish export demand due to lower prices in Vietnam, analysts said. Vietnam is the largest pepper producer and exporter, while India is the second largest. During early trade, the benchmark May contract was trading at Rs 15,145, down 0.28 per cent.