MUMBAI, Jan 11 India pepper futures ended down on Monday on lack of export demand and as arrivals pick up, analysts said.
"The depreciating dollar is making things difficult for Indian origin pepper and not allowing exporters to quote in line with competition. While imports continue to remain the better option for the re-exporters in India," said Ajeet Kumar, an analyst with SMC Comtrade.
"Also the flow of new crop may be felt in coming days as end-user demand is totally absent in the market," he added.
Pepper exports have remained sluggish throughout the year mainly due to premium Indian prices. Exports declined by 29 percent to 1,500 tonnes in November.
India's pepper output in 2010 is expected around last year's levels, but prices are unlikely to fall sharply in coming months due to low carry-over stocks, a Reuters poll of eight traders, exporters and analysts showed.
Spot pepper rose marginally by 4 rupees to end at 13,946 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