Pepper witnesses down trend

Kochi: The pepper futures market saw high fluctuations on June 27, and closed easier on reports of decline in Vietnam prices. Investors were purchasing NCDEX delivered at current prices. The purchasers might step in next week if the increase in Indian parity is proved to be on the strength of the market and not on speculation. In the international market, prices of other origins were steady at previous levels. In the domestic market, Coorg pepper is reportedly cheaper and hence majority of the domestic players are concentrating there, they said. July contract on NCDEX fell by Rs 55 a quintal on June 27, to close at Rs 14,975 from Rs 15,030 on June 26.