MUMBAI: India pepper futures, which ended nearly 4 percent up on Thursday, are seen opening firm in the next session as strong domestic demand and supply constraints may aid sentiment, analysts said.
"The price of India origin MG-1 Asta grade pepper rose by $400 per ton in the international market in the last 10 days. Prices will continue to move up," said Jojan Malayil, vice chairman, India Spices Exporters forum.
Prices of almost all origins such as Vietnam, Indonesia, India and Brazil have moved up in the last 1 month, said Malayil. "Exports will be very limited this year.
We have huge consumption and our crop is very close to that," said Malayil. Spot pepper gained 207.4 rupees to end at 14,607.95 rupees per 100 kg in Kochi, a major trading hub in Kerala.
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