MUMBAI (Commodity Online): Pepper futures fell Tuesday on ample supply in the domestic markets amid poor demand from the overseas buyers.
In NCDEX pepper February contract is trading at Rs.29630 per quintal, down by 1.16 per cent on 15:20 IST against the previous close.
In the morning session the contract traded at a range of Rs.29085-30170 per quintal. Open interest of the contract is 4473 lots and volume traded is 2574 lots for the time being.
Pepper imports by U.S during April to November 2011 surged marginally by 1.58% to 64,276 tonnes as compared to 63,274 tonnes during the same period in 2010-11. Indonesia remained the major supplier to U.S. in the above mentioned period.
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.
