• 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

Advertisement

Kochi Feb. 20 Pepper futures ruled steady with marginal fluctuations on Tuesday.

There was no demand from overseas but good domestic demand prevailed and it was met directly from the primary markets, market observers told Business Line.

As February delivery was ruling high, exporters were covering spot and that had given strength to the futures to move up.

There have been no activities in other origins.

Brazil is closed for Carnival while Vietnam is on Chinese New Year holidays.

As most of the exporters in Indonesia and Malaysia are Chinese there has been a lull in the activities in these markets also.

The February contract on NCDEX moved up by Rs 26 a quintal on Tuesday to close at Rs 12,517..

The increase in other contracts was from Rs 14 to Rs 42 a quintal.

On NMCE, March contract was up by Rs 17 a quintal to close at Rs 12,460. The increase in other contracts was from Rs 10 to Rs 224 a quintal except August, which was down by Rs 61 a quintal.

Fall in turnover

The total turnover on NCDEX showed a sharp fall of 18,365 tonne to close at 16,833 from 35,198 tonne on Monday. Similarly, on NMCE, it fell by 2,446 tonne to 3,205 tonne from 5,651 tonne.

The total open interest on NCDEX declined by 276 tonne to 29,618 tonne.

February position fell by 239 tonne to 389 tonne while March by 390 tonne to 16,449 tonne.

The spot prices ruled steady at Rs 11,900 (un-garbled) and Rs 12,500 (MG 1) a quintal on Tuesday.

More Stories on : Spices & Condiments

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

Stories in this Section
Wheat procurement: Govt in state of panic

Copyright © 2007, 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