International Spice Commodities Update – Peppercorns

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Pepper Maintains Upward Trend on Lower Output Estimates

Pepper rose for the fourth straight day in the futures market today, adding Rs 285 ($5.41, €4.14, £3.48) to Rs 37,200 ($705.89, €540.33, £454.17) per quintal on rising spot market demand and reports of lower output estimates.

At the National Commodity and Derivatives Exchange, December pepper gained Rs 285 ($5.41, €4.14, £3.48) or 0.77%, to Rs 37,200 ($705.89, €540.33, £454.17) per quintal with an open interest for 6,083 lots.

The January contract gained Rs 130 ($2.47, €1.89, £1.59), or 0.37%, to Rs 35,690 ($677.23, €518.40, £435.74) per quintal in 4,554 lots.

Analysts said in addition to rising spot market demand, reports of lower domestic output estimates influenced pepper prices in futures trade.

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One thought on “International Spice Commodities Update – Peppercorns

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