Pepper trades down on slack demand

Pepper spot prices and futures ended lower 1.60% and 4% respectively on Wednesday owing to slack demand from the domestic stockists and reports of fresh arrivals from Vietnam. There are reports that harvesting in Vietnam has commenced in small quantity and the prices offered by them in the international market for their 550Gl are around $4,500/tonne. Arrivals are likely to gain momentum by March.

http://bit.ly/gq2aMD