India pepper futures ended higher on Wednesday after reversing afternoon losses as slow new crop arrivals supported sentiment, analysts said.
Pepper arrivals have not gained pace in the current season because of an output disruption in Kerala, the top producer, and as farmers hold on to their stocks, hoping for better prices, they added.
Arrivals began in December and are seen continuing through February.
"Export demand will also pick up in coming weeks as the output from Vietnam is expected to be lower," an analyst with a Mumbai-based brokerage.
India's exports fell 31 percent in the April-December period to 19,100 tonnes.
Spot prices in the Kochi market fell over 87 rupees to 12,289.75 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