Pepper trades up on firm demand

Pepper gained Rs 102 and settled at Rs 22925/quintal as lower availability of the spice with major producing countries supported the prices, but weakening demand from overseas for Indian pepper due to higher prices limited the gains.
Demand has been poor for the Indian pepper because of higher prices. Export demand is unlikely to pick up until prices come down from current levels.
Arrivals from the fresh crop are expected to hit the market by mid-January or last week of January. Spot pepper gained Rs 56.5 to Rs 22262.5/100 kg in Kochi.
Now support for the pepper is seen at 22747 and below could see a test of 22570. Resistance is now likely to be seen at 23150, a move above could see prices testing 23376.
Trading Ideas:
Pepper trading range is 22592-23398.
Pepper gained as lower availability of the spice with major producing countries supported prices.
Pepper looks to test support at 22780 and resistance is seen at 23180.
NCDEX accredited warehouses pepper stocks stood at 1739 tonnes.
Spot pepper gained 56.5 rupees to 22262.5 rupees per 100 kg in Kochi market.

(Source: http://www.commodityonline.com/futures-trading/tradingtips/Pepper-trades-up-on-firm-demand-11254.html)