| Date: |
03-12-2010 |
| Subject: |
Pepper Trades Up on Export Demand |
|
Pepper futures ended with slight positive note and the market remained directionless during the trading hours due to the lack of fresh triggers in the counter. Spot prices declined and traded near 21300 per quintal.
As per industry sources, stocks in Indonesia and Vietnam are limited and Brazil is holding the stock for better price realization.
As per market sources less carry over stocks will prompt major consumers like USA and Europe to procure as much as needed for current consumption due to prevailing higher prices and upcoming arrivals season from Vietnam and India.
Prolonged rains in the growing parts of kerala are expected to delay the arrivals. Arrivals from plains usually reach the market from December onwards and arrivals from hilly areas expected from January onwards.
Source : commodityonline.com
|