Pepper rises on tight supply

Pepper futures escalated on bullish activities in the counter due to tight supply of pepper in the international market.
Spot prices surged in tandem with futures and traded near Rs 23400 per quintal. Unconfirmed reports of unfavorable weather in Vietnam which might possibly delay the arrivals also supported the sentiments.
In India arrivals are limited which in turn supported the bullish sentiments. However Vietnam arrivals which gain pace in March cast doubts on impact in prices even tough as per market sources focus to white pepper to fetch higher premium can infuse supply tightness in black pepper.
China and Vietnam are the two major contributors to white pepper production and jointly share approximately 60 percent of the white pepper production.

(Source: http://www.commodityonline.com/futures-trading/tradingtips/Pepper-rises-on-tight-supply-11650.html)