Pepper prices slip on talk of price cut
Pepper futures fell on Wednesday on talk of price cuts in major producing countries and low export demand, analysts said.
By Agencies |
MUMBAI: Pepper futures fell on Wednesday on talk of price cuts in major producing countries and low export demand, analysts said.
���Traders in Vietnam and Indonesia have cut prices by $100-$150 per tonne,��� said Alimuhammed Lakdawala, an analyst with Anand Rathi Commodities.
Vietnam is the world���s largest pepper producer and exporter and low prices may affect India���s export prospects.
Demand in the physical market has come down to about 100 tonnes from about 120 tonnes last week, said K Varghese, a Kochi-based trader. Spot pepper was trading at Rs 15,375 per 100 kg in Kochi.
���Traders in Vietnam and Indonesia have cut prices by $100-$150 per tonne,��� said Alimuhammed Lakdawala, an analyst with Anand Rathi Commodities.
Vietnam is the world���s largest pepper producer and exporter and low prices may affect India���s export prospects.
Demand in the physical market has come down to about 100 tonnes from about 120 tonnes last week, said K Varghese, a Kochi-based trader. Spot pepper was trading at Rs 15,375 per 100 kg in Kochi.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
