Pepper surges on weak arrivals

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Pepper futures edged higher reposing the positive sentiments in the counter. However lack fresh triggers had diluted the momentum in the counter.
According to media sources, Tsunami in Japan is likely to affect the spice and oleoresins exports to that region. Stock arrivals are limited in Vietnam and India since the growers are expected to hold the stocks for better price realization.
Spot prices remained firm and traded near Rs 23200 per quintal and arrivals were continued to be limited. However as per market sources, the north Indian procurement is expected to gain pace in the near future.
Activities in the overseas market remained sidelined and international prices for MG1 grade remained steady at 5300 per ton.

(Source: http://www.commodityonline.com/futures-trading/tradingtips/Pepper-surges-on-weak-arrivals-12137.html)

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