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India pepper ends down on little export interest.


Date: 14-05-2009
Subject: India pepper ends down on little export interest
 MUMBAI, May 13 (Reuters) - India pepper futures ended weak on Wednesday as weak overseas demand made investors wary, analysts said.

There was some buying in the domestic market and so the losses were limited but otherwise the fundamentals continue to remain weak, said Sudha Acharya, an analyst with Agriwatch.

Exports have slowed down as Vietnam, the largest producer, continues to sell at cheaper rates than India in the international markets on the back of a crop surplus.

Spot prices in the Kochi market fell over 12 rupees to 12,767.15 rupees per 100 kg. Following are the closing prices of pepper futures in rupees per 100 kg on the National Commodity and Derivatives Exchange Ltd. 


Source : REUTERS INDIA

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