Financial Daily from THE HINDU group of publications
Wednesday, May 24, 2006
Financial Daily from THE HINDU group of publications Wednesday, May 24, 2006 |
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Agri-Biz & Commodities
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Spices & Condiments Pepper futures market steady G.K. Nair
Kochi , May 23 The pepper futures market was steady with slight improvement on Tuesday, thanks to some buying interest from the local arms of MNCs. Besides, there was no selling pressure. The Indian price is also on par with of other origins. Hence, there could be some buying interest from overseas buyers. However, the trading of nearby deliveries at the exchanges at low prices were sending out wrong signals, market sources told Business Line.
As prices continue to strengthen in Vietnam on thin supply, the international buyers are waiting for the Indonesian crop due for harvest in July/August.
June contracts mixed
The June position on NCDEX on Tuesday gained Rs 16 at Rs 6,932 a quintal from Rs 6,916 on Monday. The increase in other positions was Rs 3-32 a quintal. On NMCE, the June position lost Rs 12 to close at Rs 6,902 from Rs 6,914 a quintal. July and September positions were higher by Rs 15 and Rs 30 respectively, while August, October, and November were down by Rs 3, Rs 2, and Rs 20, respectively.
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