• 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, Sept. 18 Pepper futures market bounced back on Tuesday on speculative activities and on realisation that the rumours about fall in Brazil prices on Monday were false.

However, the high volatility continued to drive away the buyers. Investors, who are holding stocks are said to be worried over the current trend in the futures market, market sources told Business Line. They said that on maturity spot and futures was not converging and it was against the principles of futures trading.

The continuous downward trend in the Indian pepper futures has compelled Indonesia and Brazil to liquidate and that has negatively affected the Indian pepper exports. In fact, the importers are benefited, they said.

The farmers and local dealers are said be agitated by the continuous downward swing in the pepper futures and appealed to the Kerala Agriculture Minister to take up the issue with the Union Minister for Agriculture in the interest of the state’s pepper growers and pepper economy.

Indian parity on Tuesday moved up to $3,450 a tonne (c&f). All other origins remained firm at previous levels, they said.

All the contracts moved up on Tuesday. September contract on NCDEX increased by Rs 273 a quintal to Rs 12,240. The increase in other contracts was from Rs 273 to Rs 349 a quintal.

On NMCE, October contract moved up by Rs 317 a quintal to Rs 12,270.

The rise in other contracts was from Rs 264 to Rs 323 a quintal.

The total turnover on NCDEX increased by 721 tonnes to 13,867 tonnes. On NMCE, it dropped by 529 tonnes to 1,358 tonnes.

Total open interest on NCDEX dropped by 695 tonnes to 22,376 tonnes. September and October positions declined by 12 and 49 per cent respectively.

November position increased by 22 per cent. Spot prices ruled steady at previous levels at Rs 11,900 (un-garbled) and Rs 12,500 (MG 1) a quintal on Tuesday.

More Stories on : Spices & Condiments | Commodity Markets

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

Stories in this Section
NMCE launches futures trade in menthol crystal

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