Pepper prices were stable on Saturday’s trade. The April contract gained marginal 63 rupees to settle at 10815 rupees per quintal. Lower arrivals to the spot market are supporting the pullback rally in the spot as well as futures markets. However, export demand for Indian pepper is sluggish because of commencement of new season in Vietnam in couple of days. Market is expected trade weak in the near term with weak export demand and fresh crop arrivals from Karnataka in coming days.
Courtesy: AUM Capital Market Pvt. Ltd.
Source: http://www.commodityonline.com/
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Pepper to trade weak on dull export demand
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