Pepper prices at the benchmark Kochi market were quoted at higher rates tracking Pepper futures and reports of delayed harvesting of pepper in Vietnam, the major producer.

Pepper Futures traded in sideways to down manner in the beginning of the session but recovered from the earlier losses of the day and ended the day positively on Tuesday.

Lacklustre demand continues to prevail in the overseas as the buyers are following a wait and watch stance. Pepper prices in the international market of Vietnam Asta grade at $2,975/tonne, Indian Asta grade at $3,050/tonne(c&f).

Spread between March and April contract is at 273. Black Pepper stocks in the NCDEX warehouse stood at 2738 mt as on 15th March,2010.

Courtesy: Angel Commodities

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