MUMBAI, Feb 16 (Reuters) - India pepper futures reversed the afternoon session's gains and ended lower on Monday on the back of weak export interest and worries over a likely rise in output, analysts said.
Prices rose earlier in the day as traders covered short positions. The futures had fallen more than 7 percent last week.
Worries over a shift in export interest to countries like Vietnam, where pepper prices are lower than in India, and concerns over a rise in production from Karnataka put prices under pressure, analysts added.
Spot prices in the Kochi market fell over 42 rupees to 11,401.65 rupees per 100 kg. Following are the closing prices of pepper futures in rupees per 100 kg on the National Commodity and Derivatives Exchange Ltd.
Source : REUTERS INDIA