RTRS: India pepper futures end down on profit-taking
MUMBAI, Nov 6 (Reuters) - India pepper futures reversed early gains to end down on profit-taking, analysts said on Friday.
Fundamentals remained firm on thin stocks and domestic demand but pressure from the cheaper Brazialian crop capped gains, analysts said.
"Vietnam, Malyasia are trading at a discount which is aiding sentiment but Brazil is quoting lower," said Alimuhammad Lakdawala, an analyst with Anad Rathi Commodities Ltd.
The Brazilian crop, which is attracting international demand, may create some selling pressure in the coming sessions, he said.
Spot pepper fell by over 13 rupees and ended at 14,991.8 rupees per 100 kg in Kochi, a major trading hub in Kerala.
Following are the closing prices of pepper futures in rupees per 100 kg on the National Commodity and Derivatives Exchange Ltd. <0#NPE:>
