Bearish undertones for Pepper Futures.

Pepper Futures

Pepper Futures in Bearish Zone

India is losing out to Vietnam in the exports of pepper. As per latest data Vietnam shipped almost five times more pepper than India during the recently-concluded financial year. Pepper output in Vietnam is expected to be revised upwards to 1.35 -1.40 lakh tonnes as compared to earlier forecast of 1.00-1.10 lakh tonnes.

Exports of Pepper from Indonesia in 2011 witnessed a sharp decline of 42% at 36500 tonnes as compared to 62,600 tonnes in 2010. Exports of Pepper from Vietnam during January 01, 2012 to February 15, 2012 stood at 6736 tonnes up 16.3% as compared to the corresponding period last year.

Exports of Pepper from India during Apr 2011- Jan 2012 rose by 49% to 22,300 tonnes as compared to 14,950 tonnes in the corresponding period in the previous year.

Fragile demand from the overseas and domestic buyers coupled with reports of improved imports of cheap pepper from Vietnam may keep Pepper prices weak. Further, fresh arrivals from Malaysia will commence from the end of the month which might also support the bearish trend in the market.

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