INDIA TODAY AUG 3rd

Pepper continues to move very very firm here in India with prices zooming ahead, International pairity pegged further higher as $ is weak again. Prices finishing off the day almost on the its highs at around + 2.5 to 2.75 % than the previous day. The movements of other spice agri futures were seen with similar patterns hinting at more and more outside participation. These influences were extremely supportive and perhaps sparking off some huge short covering too.
Analysts and traders continued to remain bullish on pepper as inventories remain tight with a lot of buying to be completed, fundamentals for spot pepper remained the same with supply extremely tight although the speed of the surge much faster on the future deliveries than on  spot.
Indian MG I ASTA grade parity at $ 2900 PMT FOB Cochin.