Pepper Witnesses Downtrend

Kochi: Pepper futures continued its fall on Aug 17, also and touched the level below the spot prices on liquidation due to the quantitative restrictions on nearby positions. Brazil was offering Asta grade at $3,550 a tonne (f.o.b.), while 560 GL at $3,450 a tonne (f.o.b.). However, Vietnam prices said to have remained unaltered as the exporters and growers are anticipating that the prices will be better next week. Spot prices in tandem with the downward trend in the futures fell by Rs 100 a quintal on Aug 17, to close at Rs 12,700 (un-garbled) and Rs 13,300 (MG 1).