Pepper rises on firm domestic demand

Pepper futures traded firm on limited availability of pepper in the domestic as well as international market. Spot prices moved in tandem with the futures prices and traded near Rs 24300 per quintal.
However holding of stock from Indian and Vietnam poses the challenge of sudden arrival of pepper when prices reach to the expectation of growers.
According the sources from Vietnam, pepper production in Vietnam will be around 11000-115000 tonnes.
International prices of MG1 grade trade near $5850 per ton and strengthening of rupee against dollar can reduce the profit margin of exporters which in turn had reflected in the upsurge of international price.
Vietnam central bank raised its repurchase rate to control inflation which reaches its highest levels in 25 months.

(Source: http://www.commodityonline.com/futures-trading/tradingtips/Pepper-rises-on-firm-domestic-demand-12342.html)