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Pepper falls on Vietnam oversupply

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Commodity Online
KOCHI : Pepper prices in India’s futures and spot markets declined Tuesday on lower demand including those of exports.

Spot prices in the market here fell over 44 rupees to 13,061.15 rupees per 100 kg.

The real threat for Indian pepper comes from Vietnam, world's largest producer, as the South East Asian nation sell the commodity at cheaper rates than India because of a crop surplus there.

Following are the closing prices of pepper futures in rupees per 100 kg on the National Commodity and Derivatives Exchange Ltd

MCX SILVERMICRO 30 June 2012 contract was trading at Rs 55960 , up Rs. 228 . What's your view on it?
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