Although global outlook for pepper remains bullish on
the back of a 10-15% drop in global
output, yet pepper prices on domestic
commodity exchanges are likely to drop due to rising stocks in exchange accredited warehouses. As on
Monday, combined warehouse stocks with
all the three national commodity
exchanges were above 16,800 tonne, or
roughly 40% of the country�s estimated output of 35,000-40,000 tonne in
2006-07.
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