Pepper settles higher on overseas market

Pepper futures edged higher on supply shortage since Vietnam and Indian farmers are expected to hold the stock in order to reap better price for there produce.
As per media sources, demand from china had improved but the reluctance of the farmer in Vietnam to sell at lower levels posing procurement difficulties.
Farmers in India and Vietnam are not desperate to sell their produce since higher return from last year output and better yield and return from other crops like rubber , coffee and soyabean added enough cushion for their decision.
According to department of commerce Vietnam exports was had reached 9919 tons down by 28.3 percent in volume.
Spot prices in India traded near Rs 23100 per quintal. As per Reports from unconfirmed sources, rains in Vietnam also delaying the harvesting process.

(Source: http://www.commodityonline.com/futures-trading/tradingtips/Pepper-settles-higher-on-overseas-market-12223.html)