Wednesday, 27 April 2011
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Pepper prices hit new high of R278
Kochi: The pepper market looks bullish, with prices surging ahead on tight supply. Traders and analysts are now expecting prices to cross R300 per kg with global supply straitened as Vietnam holds on to its stocks. Speculative elements in the Indian exchanges are also spicing up the rally. On Wednesday, the spot price at the physical market stood at R278 per kg against R267 per kg on Monday.
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