KOCHI, October 18: Black pepper futures ended weak on lack of demand in the International Pepper Exchange during the week ended October 17. Trade source attributed the slide to weak international demand in anticipation of further price crash at the longer end. The supply situation also remained thin with hardly any fresh commodity coming into the market."The market remained bearish throughout the week there was slight recovery by the fag end of trading. The situation may well remain same for the coming week as well", trade sources said.
The spot pepper hit a low of Rs 21,100 per quintal on Wednesday from a peak of Rs 21,700 per quintal on Monday but recovered slightly during the last two days to close the week at Rs 21,300 per quintal, down by Rs 4,400.
However, in anticipation of further price crash pepper futures crashed across the board and end the week weaker. While near-end October and December futures attracted relatively good volume, long-end futures logged thin trade.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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