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Pepper recovers marginally
P Vinod Kumar
Kochi, Nov 7: Ending a fortnight long rally pepper prices experienced a technical correction with spot prices of ready pepper steeply declining in most of the trading days but recouping some of the early losses by the end of the week. However, traders are of the view that prices would continue to move up till January as supply conditions are tight and the buyers turning to Indian market.The underlying bullish trend in pepper prices has raised alarm bells in the market as a A clutch of pepper exporters, who have short sold their position in the international market at a discount earlier, is finding it difficult to cover their position at higher levels. Some of the exporters, who have obtained exemption from shipping in the past few months are now in a tight spot as their losses are mounting by several folds during the past few months. Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.
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