Kochi, Nov 23: Mixed trend persist in the Kochi pepper market on tight supply during the week ended November 21 While the spot pepper remained firm after initial losses futures recouped last week losses and closed the week at slightly higher levels.Trade sources said prices are likely to stabilise at Rs 19,500 per quintal. Traders said the supply situation was tight during the week as the growers were holding to their stocks following the dip in prices.
They said the situation is likely to stabilise during the next couple of weeks.
But the long term prospects are considered to be dim as there are reports about an increase in production in all major pepper producing countries during 1999.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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