“कोवळे दिवस"-व्यंकटेश माडगूळकर, एक अस्वस्थ अनुभव

Pepper futures traded marginally higher after having fallen in the previous session. Reports of steady demand from the domestic market supported the price rise. However, overall lower offtakes from the domestic and overseas buyers capped the sharp price uptrend. Also, higher production estimates for the current year too added pressure to the price. India’s pepper production for the year 2012-13 is estimated to be 55000-60000 tonnes as against 43000 tonnes produced last year. The crop from Kerala and Karnataka is expected to hit the market during the month of November-December. However, the demand from domestic market which is expected to pick up ahead of festivals could limit the price fall in near term.