Pepper Futures Continue To Trade Lower

Pepper futures have continued their declining trend on Tuesday; the commodity prices fell sharply in previous session on bearish activities and consequent liquidation and selling pressure. Profit booking is still being witnessed in the markets though the fundamentals are very strong and may push the commodity further upside in long term.
The contract for December delivery was trading at Rs 22453.00, down by 0.22% or Rs 49 from its previous closing of Rs 22502.00. The open interest of the contract stood at 8897 lots.
The contract for January delivery was trading at Rs 22673.00, down by 0.22% or Rs 49 from its previous closing of Rs 22722.00. The open interest of the contract stood at 5333 lots on NCDEX.
(Source: http://www.indian-commodity.com/commodities/Pepper-Futures-Continue-To-Trade-Lower.aspx)