MUMBAI, Dec 10 (Reuters) - India pepper futures ended down on Thursday as lack of export demand and a higher global output hurt sentiment, analysts said.
The International Pepper Community, an inter-governmental organisation of pepper producing countries, projects global pepper production to increase by 3 percent in 2010 to 290,742 tonnes from 281,974 tonnes last year.
Domestic prices are also expected to ease further from January after the new crop arrivals start, analysts said.
However, until then, losses will be capped by thin stocks, analysts said
Spot pepper fell by over 49 rupees to end at 14,488.15 rupees per 100 kg in Kochi, a major trading hub in Kerala.
Following are the closing prices of pepper futures in rupees per 100 kg on the National Commodity and Derivatives Exchange Ltd.
Source : REUTERS