The Hindu Business Line : Pepper futures move up

Pepper futures market moved up after a decline on Thursday following lack of selling pressure in the spot market. Besides, some business, which had taken place with the US and European Union at

$1,600-1,625 a tonne (c&f), has also contributed to the increase.

Indian parity has gone up by $25 a tonne and yet "we are at par", market sources told Business Line. Therefore, despite the sudden increase of $25 a tonne there might be enquiries forthcoming, they said.

Prices of other origins are also steady at previous levels. June position at NCDEX was up by Rs 62 a quintal to close at Rs 6,550 against Rs 6,488 on Thursday, while on NMCE it went up by Rs 41 to Rs 6,535 from Rs 6,494 a quintal Thursday.

The increase on NCDEX in all other positions ranged from Rs 48 to Rs 99 a quintal, while on NMCE July, October and November deliveries showed an increase of Rs 51, Rs 56 and Rs 50 a quintal respectively. September and October positions dropped by Rs 28 and Rs 50 a quintal respectively.

Spot prices ruled steady at Thursday's level of Rs 6,500 (un-garbled) and Rs 6,900 (MG 1) a quintal. Domestic demand is met by Karnataka, which offers at Rs 72 a kg anywhere in India.

More Stories on : Spices & Condiments | Commodity Exchanges

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Castorseed futures close higher

Resentment in Pak over `Super basmati' order

Mixed trend in rubber

`Sugar prices to remain high'

Dust tea prices fall at Kochi sales

Gold, silver decline further

Pepper futures move up

`Concessional wheat import for private users only after Govt needs are met'

No announcement on minimum support price yet

Copper to remain volatile: Sterlite Ind