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G K Nair

Kochi, Nov. 7 Pepper futures market after moving up on Tuesday declined on Wednesday on bearish activities.

Exporters were showing interest to buy at Rs 13,300 a quintal, but the sellers were not willing to sell below Rs 13,500 quintal. There were no ready sellers.

In the international market easier tone was reported from all the other origins. Indonesia was ready to sell at the current price levels. L Asta was being offered at $3,635-3,650 a tonne (c&f).

Indian parity declined to $3,800 a tonne (c&f) and remained out-priced.

November contract on NCDEX dropped by Rs 307 a quintal on Wednesday to Rs 13,780.

The fall in other contracts was from Rs 94 to Rs 300 a quintal.

Spot prices in tandem with the futures market trend dropped by Rs 200 a quintal on Wednesday to close at Rs 13,300 (un-garbled) and Rs 13,900 (MG 1).

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