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G. K. Nair

Kochi, Dec. 27 Pepper futures market fell on Thursday on bearish activities.

Rumours were being spread that the new crop would start arriving from Friday. Add to this there is said to be buying interest emerging.

According to trading sources, the arrivals currently at the primary markets are thin.

Given the present trend of harvesting there could be 5 to 10 tonnes coming to the terminal market and that is not going to make any impact on the market, market sources told Business Line.

International market continued to remain closed and will reopen on January 2 after the holidays.

Good domestic demand is there and the requirements are met directly from the primary markets.

January contract on NCDEX on Thursday fell by Rs 242 to Rs 13,280. The fall in other contracts was from Rs 204 to Rs 276 a quintal.

On NMCE, January contract dropped by Rs 276 a quintal to Rs 13,151. All other contracts fell by Rs 225 to Rs 308 a quintal.

Total turnover on NCDEX fell by 4,110 tonnes to 9,883 tonnes.Spot prices, in tandem with the futures market trend, dropped by Rs 100 a quintal on Thursday to close at Rs 12,800 (un-garbled) and Rs 13,400 (MG 1).

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