Pepper remains weak on supply pressure
Expectations of higher output weighed on the sentiment
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Pepper futures for April plunged by Rs 415, or 1.16% to Rs 35,375 per quintal in 1,295 lots.
At the National Commodity and Derivatives Exchange (NCDEX), the May contract traded lower by Rs 210, or 0.59% to Rs 35,575 per quintal in 989 lots.
Prices plunged on supply pressure following arrivals of new crop at spot market against sluggish demand.
Besides, expectations of higher output also weighed on the sentiment.
At the National Commodity and Derivatives Exchange (NCDEX), the May contract traded lower by Rs 210, or 0.59% to Rs 35,575 per quintal in 989 lots.
Prices plunged on supply pressure following arrivals of new crop at spot market against sluggish demand.
Besides, expectations of higher output also weighed on the sentiment.
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First Published: Mar 26 2013 | 2:59 PM IST