Pepper futures are expected to trade down because of profit booking, after hitting a record high in the previous sessions. Also, the sentiment was subdued for the spice after NCDEX levied 10 percent additional margin on both long and short positions. Fall in prices from record high led to rise in arrivals inmajor spot markets. As per data from IPSTA, on Saturday the arrivals were around 23 tonnes compared with around 12 tonnes same period last week. Thespot price for garbled pepper fell by Rs.600 from previous trading day to Rs. 40000 per 100kg. Latest report from IPC showed that, pepper production in Vietnam in 2012 is re-estimated to be around 90000-100000 tonnes against 1.10 lakh tonnes projected earlier.....
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