Pepper Closes Lower On Profit Booking

Pepper prices closed lower by 1.22 per cent on Tuesday at  NCDEX due to profit booking by the investors amid a decline in the export demand at prevailing prices. 

At the NCDEX, pepper futures for March 2012 contract closed at Rs. 36,310 per quintal, down by 1.22 per cent, after opening at Rs. 36,895 against the previous closing price of Rs. 36,760. It touched the intra-day low of Rs. 36,025.

However, losses were limited as a result of limited supplies in the market and deficient rains in key growing regions, which could hurt production [Via]

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