India pepper futures were up in afternoon trade on bargain buying supported by estimates of lower output, but lack of interest from exporters limited the gain. Bargain buying at lower level is keeping the prices of the commodity up in the domestic market and supplies are also low as farmers are not willing to sell at lower prices," said Chowda Reddy, senior analyst at JRG Wealth Management. Unseasonal rains delayed harvest, affecting the yield of pepper vines, and is likely to slash Indian production this year, but lower stocks and lesser global output will keep prices firm. Source :- Reuters.
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