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India pepper down on soft export demand, weak spices.


Date: 05-12-2009
Subject: India pepper down on soft export demand, weak spices
MUMBAI, Dec 4 (Reuters) - India pepper futures ended down on Friday on weak overseas demand and dragged down by the softness of the spices complex , analysts said.

"Pepper continues to be down due to the sell-off in the entire spices complex," said an analyst with India Infoline.

Prices, which are expected to remain weak in the coming few sessions, will, however, be supported by thin stocks and firm domestic demand, analysts said.

In the medium-term, however, the trend is bullish.

Domestic prices, however, will ease from January as the new crop arrivals start in India.

Spot pepper fell by over 493 rupees to end at 15,074.2 rupees per 100 kg in Kochi, a major trading hub in Kerala.

Following are the closing prices of pepper futures in rupees per 100 kg on the National Commodity and Derivatives Exchange Ltd.

Source : REUTERS


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