Pepper drops on active selling

Pepper futures continue to decline but within a tight range since market participants initiated a cautious approach in buying on expectation of arrival in India and Vietnam in the coming months.
Arrivals in the Spot market had not reached as per expectation and prices traded near Rs 21300 per quintal. International prices continued to remain on the higher side and traded near $5150 per ton.
Weak overseas demand also pressurized the prices. Even international buyers are procuring as much as needed for the present consumption since they are waiting for Indian and Vietnam arrivals.
Vietnam holds approximately 60 percent of the export market and had major impact on prices. According latest updates, Vietnam arrivals will start reaching the market from second half of February onwards.

(Source: http://www.commodityonline.com/futures-trading/tradingtips/Pepper-drops-on-active-selling-11273.html)