Pepper futures may continue its weak trend on extended profit booking after hitting record high last week. The imposition of special margins on pepper futures are weighing on the sentiments. Further a marginal increase in daily arrivals was witnessed in the spot market due to recent fall in prices. On Monday, the arrivals increased to 57 tonnes from 23 tonnes on previous day. However, lower production estimate of pepper from Vietnam this year may limit the fall. According to the latest report from IPC, pepper production in Vietnam in 2012 is re- estimated to be around 90000-100000 tonnes against 1.10 lakh tonnes projected earlier. Also, some crops were affected due to heavy rains and unfavourable weather condition.....
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