Pepper September delivery gained Rs 392 and settled at Rs 19565/quintal on firm spot demand amid poor supplies and dwindling stocks. Exports from pepper-producing countries like Vietnam are affecting India's spice shipments abroad that fell to 19,750 tonnes in 2009-10 from 25,250 tonnes in the previous fiscal, Lok Sabha was informed. In Kochi, spot pepper jumped 281.35 rupees to end at 19,416.65 rupees per 100 kg. The contract touched the intraday high of Rs 19646/quintal while low of Rs 19175/quintal. Now support for the pepper is seen at 19278 and below could see a test of 18991. Resistance is now likely to be seen at 19749, a move above could see prices testing 19933.

Trading Ideas:

Pepper trading range is 18993-19935.

Pepper ended higher on firm spot demand amid poor supplies

Support for the pepper is seen at 19400 and resistance is at 19720.

NCDEX accredited warehouses pepper stocks inched down by a tonne to 4267 tonnes.

In spot pepper prices gained 281.35 rupees to 19416.65 rupees per 100 kg