Return
to Story Page
To print: Select File and then Print from your
browser's menu
Our Bureau
KOCHI, DEC 27: Weak overseas demand and the arrival of old pepper in good quantity sent the black pepper prices to a tailspin in the Kochi pepper market during the week.
Trade sources expect prices to recover during the next week on New Year demand.
The sources said that spot pepper prices declined drastically to the tune of Rs 400 per quintal during the first four trading days of the week following lack of overseas demand and Christmas sales by the growers.
They said the arrival of both old and new pepper shot up considerably during the pre-holiday trading sending the prices down. However, they expect the prices to recover in the next week.
"New Year demand is expected to harden the prices at least marginally", a trader said.
However, traders are of the view that long futures are likely to remain dormant in the short-run amidst reports of overproduction in all major producing countries.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
------------------------------------------------------------
This story was printed from Net Express located at http://www.expressindia.com. Net Express provides a portal to India, with news from The Indian Express and The Financial Express along with sites on travel and tourism, the entertainment industry, the power sector, the environment and much more.
------------------------------------------------------------