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Agri-Biz & Commodities - Spices & Condiments
Pepper futures drop sharply

G.K. Nair

Kochi, Oct. 30 Pepper futures market which has been on the upward run fell sharply on Tuesday despite reports that the world availability next year would be lower by 55,000 tonnes.

The Indian parity on Tuesday stood at $4,150 a tonne (c&f) and remained out priced, they said. Indonesia was offering L Asta at $3,800-3,850 a tonne (fob) and Brazil at $3,700 a tonne (f.o.b.).

November contract on NCDEX on Tuesday fell by Rs 543 a quintal to close at Rs 14,956 from Rs 15,499 on Monday.

The fall in other contracts was from Rs 481 to Rs 605 a quintal.

Spot prices on buying support ruled steady at previous levels of Rs 14,600 (un-garbled) and Rs 15,200 a quintal on Tuesday.

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Pepper futures drop sharply


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