MUMBAI, Feb 10 (Reuters) - India pepper futures ended down on Tuesday as weak export demand coupled with expectations of a higher output from Karnataka weighed on sentiment, analysts said.
"Prices overseas are lower than India's and we are witnessing selling to bring parity. Also the crop from Karnataka, which should be in by the middle of February, has weighed on prices," said an analyst with a Mumbai based brokerage. However, losses will be capped by an expected output threat from Kerala, the largest producer, and healthy buying interest in the domestic market.
Spot prices in the Kochi market fell by more than 51 rupees to 11,875.85 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