Commodities Technical Analysis | Pepper rises on active buying | May 18, 2011 14:50:00 | www.commodityonline.com: "As prices have risen sharply in the last few weeks, technical correction cannot be ruled out. However, uptrend still remains intact in the short term (till mid or June), on account of lower supplies both in the domestic as well as in the international coupled with hoarding of Pepper by the vietnam farmers. Domestic prices will also take cues from pepper prices of Vietnam in the international market.
In the medium to long term (June end onwards), price trend will depend on pepper production in Indonesia and Brazil and demand from the overseas and domestic buyers.
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