MUMBAI (Commodity Online): Trend remained bullish for Pepper with some profit booking taking place at the higher levels. Increased selling activities by Indonesia and Vietnam had been reported.
But lower stocks there could have a bullish impact on the Indian rates as the export demand could shift to India in the coming days.
Some improvement in Dollar vs Re can have some positive impact on the export demand. Low availability of stocks in Indian and International markets can however support Intl rates too.
Trade sitting at the comfort of home. Start with a mere 50$ Improved demand from US and EU ahead of the winter season is likely to take place in coming weeks.
Reports of fall in productivity, diseases in crops and fall in area have been there and this can lead to apprehensions of a fall in production – as per traders.
As per the latest data released by Spice board of India, Pepper exports are estimated to fall to 9750 tons during the period Apr-Sep, 2009 from 12750 tons same period last year
Courtesy: Religare Commodities
