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The pepper markets, both spot and futures, on Monday ruled steady on matching demand and supply. Selling pressure wasn’t prevalent as those in need of money before the end of the financial year appear to have sold their stocks last weekend, market sources tell BusinessLine .
At the same time, good buying activities were reported from Karnataka where MNCs were covering farm grade pepper for processing in their units in Vietnam where costs are apparently much lower. The domestic demand is expected to pick up after the Easter holidays as industry users will be buying till mid-May before the onset of Monsoon, they added.
The supply situation, at present, appears to be tight in India and overseas.
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