Business Daily from THE HINDU group of publications
Friday, Jun 16, 2006
Business Daily from THE HINDU group of publications Friday, Jun 16, 2006 |
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Agri-Biz & Commodities
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Spices & Condiments Import curbs reports buoy pepper futures G.K. Nair
Kochi , June 15 Pepper futures market improved on Thursday on reports of a possible quantity restriction on imports of the commodity from Sri Lanka. The prices moved up and closed higher, market sources told Business Line. All the positions increased on NCDEX and NMCE. June delivery at the former was up by Rs 62 a quintal to close at Rs 6,470 from Rs 6,408 on Wednesday, while on NMCE it moved up by Rs 75 to close at Rs 6,425 from Rs 6,350 a quintal. The increase in all other positions was from Rs 96 to Rs 137 a quintal on NCDEX, while it was from Rs 87 to Rs 529 on NMCE. The total turnover on Thursday on NCDEX was 2,741 tonnes as against 2,877 tonnes on Wednesday where as on NMCE it was 90 tonnes compared to 81 tonnes the previous day. Total open interest on NCDEX was 18,859 tonnes as against 18,720 tonnes. On NMCE it was 1,658 tonnes compared to 1,630 tonnes yesterday. The outstanding position on NCDEX for June, July and August was 4,967 tonnes, 7,074 tonnes and 3,828 tonnes respectively.
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