Pepper futures surge on depleting stocks

Buoyed by the depleting stocks and lower availability of pepper from producing countries, its futures prices shot up by 1.49 per cent today. However, weakness in export demand, capped the gains. At the National Commodity and Derivatives Exchange, pepper for delivery in June shot up by Rs 359, or 1.49 per cent, to Rs 4,450 per quintal, with an open interest of 97 lots. The spice for delivery

http://bit.ly/h3GZ7z