Pepper prices in the intraday are likely to continue its upward trend on account of lower availability of the spice with the domestic buyers amidst demand from the north Indian stockists.
In the short term (till mid of December 2011) price trend is expected to remain firm due to lower carryoverstocks of pepper with major producers.
In the medium term (December end onwards till February 2012) prices are likely to take cues from production estimates in other major producing nations particularly Vietnam.
Black Pepper NCDEX Dec Futures Rs/qtl support: 34740-34850 resistance: 35480-35700
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