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India pepper ends down as export demand, arrival hopes hurt.


Date: 30-12-2009
Subject: India pepper ends down as export demand, arrival hopes hurt

MUMBAI, Dec 29 (Reuters) - India pepper futures ended down on Tuesday as little or no export demand and expectations of imminent arrivals hurt sentiment, analysts said.

"New crop arrivals will start from January and prices will weaken further in the coming weeks" said Mehul Agrawal, an analyst with Sharekhan Commodities.

However, losses were limited by low stocks in the country, analysts said.

Spot markets in Kochi remained shut on Tuesday for local festival holidays.

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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