Commodities Technical Analysis | Pepper gains on fresh buying | May 19, 2011 12:00:00 | www.commodityonline.com: "Tightening world supply of pepper is likely to render support to the market. Limited availability amid rising demand at both domestic and global front is the main supporting factor for prices.
However, higher India prices in international market might limit the gains. Indian pepper in global market is quoted at $7000 per mt. As per trade sources, trend is also firm in Vietnam as they have sold around 50% of their production.
Vietnam pepper planters are holding back their produce anticipating further rise in the prices. The supply situation from India has been declining and lending support to the market.
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