Pepper ended weak on little or no export demand and expectations of arrivals weighing on sentiment. Pepper exports have remained sluggish throughout the year mainly due to premium Indian prices. Exports declined by 29 percent to 1,500 tonnes in November.

Spot pepper fell by over 65 rupees to end at 14,252.25 rupees per 100 kg in Kochi. January delivery dropped Rs 105 and settled at Rs 14185/quintal. The contract touched the intraday high of Rs
14330/quintal while low of Rs 14150/quintal. Now support for the pepper is seen at 14113 and below could see a test of 14042. Resistance is now likely to be seen at 14293, a move above could see prices testing 14402.

Trading Ideas:

Pepper trading range is 13800-14500.

Pepper ended weak on little export demand and expectations of arrivals weighed on prices

Pepper is now having support at 14110 and resistance at 14290.

Spot pepper fell by over 65 rupees to end at 14,252.25 rupees per 100 kg

SELL PEPPER JAN BELOW 14150 SL 14260 TGT 14100-14045-13960. NCDEX