Pepper October delivery gained Rs 270 and settled at Rs 21151/quintal  buoyed by a slew of reasons including a pick-up in spot demand, a supply squeeze, dwindling stocks in the major producing countries and firm global prices. Pepper prices are likely to get support from winter demand. Limited supplies and firm prices in the international market are supporting pepper prices in the local market. Spot pepper gained 305.45 rupees to 20794.1 rupees per 100 kg in Kochi market. The contract touched the intraday high of Rs 21360/quintal while low of Rs 20815/quintal. Now support for the pepper is seen at 20857 and below could see a test of 20564. Resistance is now likely to be seen at 21402, a move above could see prices testing 21654.

Trading Ideas:

Pepper trading range is 20564-21654.

Pepper ended higher buoyed by slew of reasons including a pick-up in spot demands

Support for the pepper is seen at 21000 and resistance is at 21400.

Limited supplies and firm prices in the international market are supporting pepper prices

Spot pepper gained 305.45 rupees to 20794.1 rupees per 100 kg in Kochi market.