Pepper September delivery gained Rs 59 and settled at Rs 19190/quintal on some buying interest supported by a squeeze in supplies and poor stocks, offsetting subdued overseas demand. Lower-level buying towards the end lifted prices. Vietnam's export target for the year 2010 has been reduced by 27 percent to 100,000 tonnes against 136,500 tonnes last year.

In Kochi, a major trading hub in Kerala, spot pepper gained 17.45 rupees to end at 19,139.45 rupees per 100 kg. The contract touched the intraday high of Rs 19240/quintal while low of Rs 19055/quintal. Now support for the pepper is seen at 19083 and below could see a test of 18977. Resistance is now likely to be seen at 19268, a move above could see prices testing 19347.

Trading Ideas:

Pepper trading range is 18977-19347.

Pepper ended higher on some buying interest supported by squeeze in supplies

Support for the pepper is seen at 19080 and resistance is at 19270.

NCDEX accredited warehouses pepper stocks fell by 30 tonnes 4268 tonnes.

In spot pepper prices gained 17.45 rupees to 19135.30 rupees per 100 kg