• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

G. K. Nair

Kochi , Nov. 8

Pepper futures market shot up on Wednesday as the exporters started covering November and December from the exchanges in the absence of spot selling.

Exporters are depending on national exchanges for covering their export commitments, as it is the cheapest source available, market observers told Business Line.

Turnover rises

The total turnover on NCDEX increased by 9,485 tonnes on NCDEX to 31,907 tonnes, while on NMCE it moved up by 1,862 tonnes to 6,285 tonnes.

Open interest down

The total open interest on NCDEX was 24,257 tonnes down by 648 tonne. On NMCE, it moved up by 19 tonnes to 5,153 tonnes.

With the increase in the futures on Wednesday, the Indian parity has gone up to $2,750 - $2,800 a tonne (c&f) against Indonesia's $2,900 a tonne (f.o.b) for Lasta.

Brazil was offering at $2,550-2,650 a tonne (f.o.b).

The spot prices in tandem with the futures market trend moved up by Rs 200 a quintal to close at Rs 10,300 (un-garbled) and Rs 10,900 (MG 1) a quintal on Wednesday.

More Stories on : Spices & Condiments | Commodity Exchanges

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

Stories in this Section
Tough deal

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