Pepper Future Declines

Kochi: Pepper futures market continued to fall on pessimistic activities as similar sentiments are said to be prevailing in the other origins because of the harvesting in Indonesia and in certain regions of Brazil. Besides, some selling pressure on the futures has also contributed to the fall. In the world market purchasers are anticipating that the prices will fall further. Short-term selling pressure in Brazil is pointed out as the reason for the decrease in price there. August contract on NCDEX fell by Rs 103 a quintal on Thursday to Rs 13,011 from Rs 13,114. Spot prices in tandem with the futures market trend fell by Rs 100 a quintal to close at Rs 12,800 (un-garbled) and Rs 13,400 (MG 1) on Aug 16.