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G.K. Nair

Kochi, Dec. 3 Pepper futures market moved up on tight supply on Monday due to good domestic demand resulting in a total squeeze in the arrivals at the terminal market, which was said to be zero.

Indian parity on Monday stood at $3,700 a tonne (c&f), which has made the Indian pepper out priced, they said. Influenced by the trend here the prices in other origins are also likely to pick up.

December contract on NCDEX moved up by Rs 93 a quintal on Monday to Rs 13,549. The increase in other contracts was from Rs 12 to Rs 92 a quintal.

On NMCE December contract declined by Rs 32 a quintal to Rs 13,450. Other contracts except February and April moved by Rs 30 to Rs 123 a quintal. February and April declined by Rs 30 and Rs 80 a quintal.

Spot prices on good domestic demand went up by Rs 100 a quintal on Monday to close at Rs 13,000 (un-garbled) and Rs 13,600 (MG 1).

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