International Spice Commodities Update – Peppercorn

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Pepper futures prices today fell by Rs 250 ($4.52, €3.62, £2.92) to Rs 38,575 ($696.74, €558.06, £449.97) per quintal due to subdued overseas demand at prevailing higher levels.

At the National Commodity and Derivatives Exchange, pepper for delivery in July fell by Rs 250 ($4.52, €3.62, £2.92), or 0.64%, to Rs 38,575 ($696.74, €558.06, £449.97) per quintal, with an open interest of 2,985 lots.

The June contract lost Rs 230 ($4.15, €3.33, £2.68), or 0.59%, to Rs 38,550 ($696.29, €557.70, £449.68) per quintal in 2,693 lots.

Analysts said subdued overseas demand at prevailing higher levels mainly kept pressure on pepper prices at futures trade.

www.keresspices.com

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