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G. K. Nair

Kochi, Nov. 5 Downward trend continued in the pepper futures market on Monday also on bearish activities and lack of demand.

Indian parity dropped to $3,850 a tonne (c&f), while all other origins reportedly remained steady at previous levels, but below the Indian parity, market observers told Business Line. There was some aggressive selling in Indonesia though the prices of L Asta remained unchanged at $3,600 a tonne (f.o.b.). Brazil also ruled steady at $3,500 a tonne (f.o.b.) for B Asta. Vietnam was offering Asta grade at $3,750 a tonne (f.o.b.), while FAQ 500 GL at $3,370 a tonne (f.o.b.). FAQ 500 GL was being offered at $3,200 a tonne (f.o.b.).

Spot prices in tandem with the futures market trend fell by Rs 300 a quintal on Monday to close at Rs 13,500 (un-garbled) and Rs 14,100 (MG 1).

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