Pepper December delivery gained Rs 106 and settled at Rs 22825/quintal on expectations of a delay in fresh arrivals due to unseasonal rains, lower supply and estimates of lower global production. Export enquiries are expected to pick up on winter demand. Spot pepper gained 310.55 rupees to 22243.5 rupees per 100 kg in Kochi market.

The contract touched the intraday high of Rs 22975/quintal while low of Rs 22671/quintal. Now support for the pepper is seen at 22672 and below could see a test of 22520. Resistance is now likely to be seen at 22976, a move above could see prices testing 23128. Trading Ideas: Pepper trading range is 22520-23128.

Pepper ended positive on expectations of a delay in fresh arrivals Pepper looks to test support at 22650 and resistance is seen at 23000. NCDEX accredited warehouses pepper stocks fell 140 tonnes to 1744 tonnes. Spot pepper gained 310.55 rupees to 22243.5 rupees per 100 kg in Kochi market.