Pepper extends weakness on sluggish exports demand

Speculators offloading their positions affected the trade

Press Trust of India New Delhi
Last Updated : Apr 08 2013 | 2:48 PM IST
Pepper futures for May fell by Rs 275, or 0.77% to Rs 35,450 per quintal in 1,444 lots.

At the National Commodity and Derivatives Exchange (NCDEX), the April contract shed Rs 125, or 0.35% to Rs 35,750 per quintal in 392 lots.

Sluggish export demand in spot markets affected the trade.

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Besides, expectations of higher output this season also influenced pepper futures trade.

Prices fell also due to speculators offloading their positions.
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First Published: Apr 08 2013 | 2:45 PM IST

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