MUMBAI, Jan 7 (Reuters) - Indian jeera futures rose over 2
percent on Monday on short-covering after a steep fall in prices
and on expected rise in export demand in the coming weeks.
* Jeera is a winter crop for which sowing starts from
* As of 0910 GMT, the March jeera contract on the
National Commodity and Derivatives Exchange (NCDEX) was up 1.84
percent at 14,635 rupees per 100 kg. The contract fell nearly 10
percent in the previous two weeks.
* "We have seen a sharp correction in jeera prices in the
last 2-3 weeks and, at this level, traders are expecting
improvement in overseas demand," said Ajitesh Mullick, head of
farm research at Religare Commodities.
* India is the world's top producer of jeera, or cumin seed,
followed by Syria and Turkey.
* At Unjha, a key market in Gujarat, jeera rose 41 rupees to
14,611 rupees per 100 kg.
Indian pepper futures were marginally lower as an expected
rise in supplies in the spot markets outweighed increased demand
from northern India.
* Supplies from the new season crop start from
* The most-active February pepper contract on the
NCDEX was down 0.20 percent at 35,300 rupees per 100 kg.
* Pepper output is likely to be higher this season due to
expectations of good yields in the top producing states of
Kerala and Karnataka, traders said.
* "There are some quality issues with initial supplies and
demand has declined due to it," said a trader from Kochi, a key
market in Kerala.
* Spot pepper rose 44 rupees to 38,100 rupees per 100 kg in
Indian turmeric futures rose on improved demand from north
India and on weather concerns in a key growing area.
* The April turmeric contract on the NCDEX was up
2.53 percent at 6,890 rupees per 100 kg.
* "There were reports that Andhra Pradesh might get heavy
rains in the next few days and it could damage standing turmeric
crop," said Mullick.
* At Nizamabad, a key market in Andhra Pradesh, spot
turmeric was almost steady at 5,698 rupees per 100 kg.
* The area under turmeric cultivation is lower this year due
to scant rainfall during the planting season and a shift in
acreage to other crops, but higher carry-forward stocks are
expected to keep supplies firm.
(Reporting by Deepak Sharma; Editing by Prateek Chatterjee)