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India pepper ends down as traders book profits

Wed Nov 4, 2009 5:50pm IST
 
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MUMBAI, Nov 4 (Reuters) - India pepper futures ended weak on Wednesday on profit-taking after prices rose 8 percent in the past six sessions, analysts said.

The Brazilian crop, which is quoting lower and attracting international demand, also weighed on sentiment, they said. Low stocks, however, capped losses during the session, analysts said.

Spot pepper fell by over 20 rupees and ended at 15,096.35 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. <0#NPE:>

Contract Reuters code Price Change in %

=====================================================

Nov NPEX9 15,304 -0.44

Dec NPEZ9 15,501 -0.44

(Reporting by Nandita Bose; Editing by Sunil Nair)

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