Pepper ended weak on lack of export demand and expectations arrivals would hurt prices in the coming days. Export demand has not improved as India is still quoting at a premium to other countries. India's pepper output in 2010 is expected around last year's levels, but prices are unlikely to fall sharply in coming months due to low carry-over stocks. Spot pepper fell by over 36 rupees to end at 14,215.5 rupees per 100 kg in Kochi. January delivery dropped Rs 363 and settled at Rs 13840/quintal. The contract touched the intraday high of Rs 14164/quintal while low of Rs 13790/quintal. Now support for the pepper is seen at 13699 and below could see a test of 13557. Resistance is now likely to be seen at 14073, a move above could see prices testing 14305.

Trading Ideas:

Pepper trading range is 13500-14150.

Pepper ended weak on lack of export demand and expectations arrivals would hurt prices

Exports declined by 29 percent to 1,500 tonnes in November.

Spot pepper fell by over 36 rupees to end at 14215.50 rupees per 100 kg

SELL PEPPER JAN @ 13950-14000 SL 14090 TGT 13900-13842-13760-13720.NCDEX