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Pepper prices rise globally spurt may not hold

 ipc  23/05/2012  1215
Global black pepper prices rose sharply in the past week due to speculative trading in the futures market. The rise in India tempted other countries like Indonesia and Vietnam to raise prices this week by $100 a tonne. But, according to market experts, the global mart is poised for a fall in prices next month onwards, thanks to poor offtake from the euro zone and the expected bumper crop in Indonesia and Sri Lanka.