Pepper ended lower on pressure due to lack of export demand and worries over a higher global output view. Rising exports in the coming season from Vietnam, the world's largest producer and exporter, will also check on gains. Domestic prices are also expected to ease further from January when the new crop arrivals start. Spot pepper fell by over 197 rupees to end at 14,219.75 rupees per 100 kg in Kochi. January delivery dropped Rs 373 and settled at Rs 13975/quintal. The contract touched the intraday high of Rs 14380/quintal while low of Rs 13950/quintal. Now support for the pepper is seen at 13823 and below could see a test of 13672. Resistance is now likely to be seen at 14253, a move above could see prices testing 14532.

Trading Ideas:

PEPPER TRADING RANGE IS 13600-14300.

PEPPER ENDED LOWER DUE TO LACK OF EXPORT DEMAND

SELL PEPPER JAN @ 14000-14080 SL 14160 TGT 13940-13880-13816.NCDEX

PEPPER IS GETTING SUPPORT AT 13860 AND RESIST IS AT 14090.

SPOT PEPPER FELL BY OVER 198 RUPEES TO END AT 14219.75 RUPEES PER 100 KG