Kochi: Demand for pepper in the world market is hoped to increase from next month once the purchasers come back from the summer holidays. The grinding industry will also begin purchasing for the winter demand and the festival season is already around the corner.
The futures market on Aug 16 saw a downward trend on pessimistic activities and the consequent selling pressure in tandem with the trend in other commodities apart from reports from Brazil that there were 48 detentions of Indian pepper consignments by the US FDA during the past 12 months
India has been sending out wrong signals because of the high volatility in the market due to highly speculative activities by the bulls and bear operators. International market is firm and all the other origins are providing below the Indian parity. Indonesia, because of the projected small crop appears to have decreased it's selling of light berries.
The futures market on Aug 16 saw a downward trend on pessimistic activities and the consequent selling pressure in tandem with the trend in other commodities apart from reports from Brazil that there were 48 detentions of Indian pepper consignments by the US FDA during the past 12 months
India has been sending out wrong signals because of the high volatility in the market due to highly speculative activities by the bulls and bear operators. International market is firm and all the other origins are providing below the Indian parity. Indonesia, because of the projected small crop appears to have decreased it's selling of light berries.
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