Pepper gains on tight supply

Pepper futures escalated on rush back of buying interest due to world wide tight supply situation.
Activities in the spot market were limited since stockiest as well seller’s in market abstained from selling on expectation of further bullishness.
However spot prices moved in tandem with futures and traded near 21600 per quintal. International prices for MG1 grade traded near $5100 and more overseas demand is expected till the Vietnam arrival season which is expected to start from January.
As per the market sources there more apprehension about the domestic pepper output which is expected to be below than last year figures since the labour issues as well as quick wilt is affecting the crop from Wayanad and other places.
Due to low carry over stocks more overseas demand is expected from USA, Europe and East Asian countries in near future.

(Source: http://www.commodityonline.com/futures-trading/tradingtips/Pepper-gains-on-tight-supply-10426.html)