Pepper ended down as arrivals slowly start to trickle in and exports continue to remain weak. Pepper exports have remained sluggish throughout the year mainly due to premium Indian prices. Exports declined by 29 percent to 1,500 tonnes in November. Spot pepper fell by over 26 rupees to end at 14,001 rupees per 100 kg in Kochi. January delivery dropped Rs 241 and settled at Rs 13724/quintal. The contract touched the intraday high of Rs 13990/quintal while low of Rs 13700/quintal. Now support for the pepper is seen at 13619 and below could see a test of 13515. Resistance is now likely to be seen at 13909, a move above could see prices testing 14095.

Trading Ideas:

Pepper trading range is 13400-14000.

Pepper ended down as arrivals slowly start to trickle in

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

Spot pepper fell by 26 rupees to end at 14001 rupees per 100 kg

SELL PEPPER JAN @ 13850-13900 SL 14040 TGT 13780-13700-13610.NCDEX