MUMBAI (Commodity Online): Pepper futures fell Monday due to ample supply in the domestic markets amid weak export demand.
In NCDEX pepper February contract closed at Rs.29915 per quintal, fell by 0.91 per cent against the previous close.
In the morning session the contract traded at a range of Rs.29700-30405 per quintal. Open interest of the contract stood at 4424 lots and volume traded is 1199 lots.
According to Spices Board of India, exports of Pepper during April 2011- November 2011 stood at 17,000 tonnes as compared to 11,850 tonnes in 2010-11, rise of 43.6%.
According to International Pepper Community (IPC) exports of Black Pepper during January to October 2011 from six major exporting countries (Brazil, India, Indonesia, Malaysia, Vietnam and Sri Lanka) was around 2.04 lakh tonnes a decline of 4.6% as compared to 2.14 lakh tonne in the same period last year.
