Tuesday, September 27, 2011

Pepper expected to decline tracking global cues | September 27, 2011 10:41 | Commodity Market | www.commodityonline.com

Pepper expected to decline tracking global cues | September 27, 2011 10:41 | Commodity Market | www.commodityonline.com: A general weakness in most Agri Commodities and profit booking at the higher levels brought prices down for Pepper as it could not hold on to the higher levels.

Weakness in the International markets from increased Brazilian crop arrivals too had a bearish impact on Indian rates. Prices have been rising continuously over last few months and some more profit booking cannot be ruled out in short term.

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