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 continued its upward move and hit the upper circuit of 3% and above and ended the day positively on Wednesday.

Lackluster 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 275. Black Pepper stocks in the NCDEX warehouse stood at 2738 mt as on 16th March,2010.

Courtesy: Angel Commodities

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