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G.K. Nair

Kochi April 6 Pepper futures market continued its upsurge on reported tight supply position and consequent price rise in Vietnam.

With the increase on Friday in the futures market here, the Indian parity has gone up to $3,700 a tonne (c&f).

Investors were buying June, July and keeping in the warehouses. NCDEX is having a stock of 5,864 tonnes in the warehouses as on April 4, while NMCE had 7,639 tonnes as on April 3.

April contract on NCDEX shot up by Rs 504 a quintal to Rs 15,318 on Friday. The increase in other contracts was from Rs 386 to Rs 498 a quintal. On NMCE, April contract went up by Rs 464 a quintal to Rs 14,575. The rise in other contracts was from Rs 315 to Rs 443 a quintal.

Turnover up

The total turnover on NCDEX moved up by 532 tonnes to 61,108 tonnes, while on NMCE, it dropped by 4,458 tonnes to 7,053 tonnes.

The total open interest on NCDEX declined by 164 tonnes to 31,119 tonnes.

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