Pepper ended lower on sluggish overseas demand and rising supply. Export demand is not picking up as our prices are at premium in the international market. Arrivals in the physical market have increased to 40-50 tonnes against 30 tonnes in the start of the month. Spot pepper dropped 195 rupees to end at 15,775 rupees per 100 kg in Kochi. June delivery dropped Rs 444 and settled at Rs 15980/quintal. The contract touched the intraday high of Rs 16510/quintal while low of Rs 15956/quintal. Now support for the pepper is seen at 15787 and below could see a test of 15595. Resistance is now likely to be seen at 16341, a move above could see prices testing 16703.

Pepper trading range is 15761-16869.

Pepper ended lower on sluggish overseas demand and rising supply

Export demand is not picking up as our prices are at premium in international market

Support for the pepper is seen at 15860 and resistance is at 16100.

BUY PEPPER JUNE ABV 16000 SL 15920 TGT 16080-16160-16240.NCDEX

Spot pepper fell 195 rupees to end at 15775 rupees per 100 kg