Pepper futures on the National Commodity and Derivatives Exchange Ltd continued its downtrend on Monday.

December contract opened lower at Rs 38,150 a quintal against the previous close of Rs 38,355. It hit a high of Rs 38,350 and low of Rs 37,880.

Pepper for December delivery on NCDEX was trading lower by 0.82 per cent at Rs 38,040 at 1.25 p.m.

Traders have been reducing the inventory on expectations of higher crop output next year. Fresh crop arrivals may start from December. Thus, further fall in prices is expected in the coming days.

Pepper production is expected to increase by 10,000 tonnes to 55,000 tonnes. 

(This article was published on November 26, 2012)
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