Financial Daily from THE HINDU group of publications
Saturday, Apr 22, 2006
Financial Daily from THE HINDU group of publications Saturday, Apr 22, 2006 |
|
|
|
|
|
|
|
Agri-Biz & Commodities
-
Spices & Condiments Pepper futures decline G.K. Nair
Kochi , April 21 , A bearish sentiment in pepper futures pushed down futures prices of pepper on Friday. Liquidation, as the cutting date for April delivery ended, led to the decline of around Rs 300 a quintal. Out of 1,416 tonnes outstanding position, 526 tonnes were liquidated by long operators at around Rs 5 below the spot market prices and yet there were no takers, apprehending deterioration of quality and loss in weight, market observers claimed, whereas dealers were ready to buy MG 1 at Rs 7,200 a quintal.
Total position
Other deliveries also witnessed a drop of between Rs 50 and Rs 100 a quintal. "The effect of fall in April delivery was felt on Friday," they said. According to them, the total position is 18,617 tonnes of all six deliveries put together, while the May outstanding position is 9,175 tonnes, "which is explosive".
More Stories on : Spices & Condiments | Commodity Exchanges
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2006, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|