Pepper falls 0.33 pc on sluggish domestic, export demand

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New Delhi, Jan 9 (PTI) Pepper prices fell by 0.33 per cent to Rs 32,000 per quintal in futures trade today as speculators trimmed their positions amid sluggish domestic and export demand, but speculation of lower production limited the losses.
At the National Commodity and Derivatives Exchange, pepper for February delivery fell by Rs 105, or 0.33 per cent, to Rs 32,000 per quintal, with an open interest for 1,610 lots.
In a similar fashion, the spice for delivery in January shed Rs 70, or 0.22 per cent, to Rs 31,640 per quintal, with an open interest for 58,896 lots.
Analysts attributed the weakness in pepper futures to sluggish domestic and export demand, but said reports of lower output estimates restricted the losses.

Source: http://news.in.msn.com/business/article.aspx?cp-documentid=5736520

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