Pepper prices are expected to gain as the sellers were not ready to release their stocks, anticipating a rise in prices. On Tuesday, the arrivals in major spot market were around 3 tonnes, down from previous day. However, higher rate in the international market and probable short supply may weigh on the export demand. Spices Board of India has projected India’s pepper exports target for 2011-12 at 20000 tonnes. Indian pepper continued to stay outpriced in the international market at around $8950 per tonne for US. The availability of pepper in the global market is expected to remain uncertain as the arrivals from Vietnam were not as much as was estimated. Pepper exports in the first 10 months of the financial year stood at 22300 tonnes, as per the Spices Board data.......
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