Pepper futures fall on selling pressure

Kochi, Dec. 6

Pepper futures on Monday fell sharply on bearish activities and consequent liquidation and selling pressure.

“In fact, the market was behaving contrary to the fundamentals,” market sources told Business Line. They said that the stocks came down as some of the warehouses are said to have gone strict on depositing, while the arrivals had not picked up as propagated by a section of the market players and notwithstanding all, the market fell.

Switching over to January was there while liquidation was for about 300 tonnes, they said.

(Source: http://www.blonnet.com/2010/12/07/stories/2010120752591900.htm)