Business Daily from THE HINDU group of publications
Thursday, Mar 20, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Thursday, Mar 20, 2008 ePaper | Mobile/PDA Version |
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Agri-Biz & Commodities
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Spices & Condiments Pepper futures up marginally G. K. Nair Kochi, March 19 Pepper futures market on Wednesday ruled by and large steady with marginal rise. There was not much of selling pressure in the spot market. Domestic demand continued to be good and much of it was being directly from the primary markets. Export demand was not much and hence the activities were limited. In the international market Vietnam was slightly easier. Prices of 500 GL and 550 GL on Wednesday were at $3,650 and $3,850 a tonne (f.o.b.) respectively. Indian parity was at $3,950-4,000 a tonne (c&f), while V Asta was at above $4,300 a tonne (c&f) and B Asta at $3,900-3,950 a tonne (c&f). Vietnam was offering white at $6,075 a tonne, while Muntok white was at $5,850-5,900 a tonne. CONTRACT POSITIONMarch contract on NCDEX on Wednesday moved up by Rs 28 a quintal to Rs 14,700. The other contracts except September went up by Rs 15 to Rs 167 a quintal, while September fell by Rs 283 a quintal. On NMCE, April contract went up by Rs 104 a quintal to Rs 15,105. All other contracts except September moved up by Rs 10 to Rs 89 a quintal. September dropped by Rs 155 a quintal. Total turnover on NCDEX dropped by 5,456 tonnes to 7,746 tonnes, while that on NMCE fell by 462 tonnes to 1,337 tonnes. Total open interest on NCDEX moved up by 112 tonnes to 19,931 tonnes. March position dropped by 7 per cent while April and May moved up by 59 per cent and 28 per cent. On NMCE total open interest increased by 21 tonnes to close at 1,739 tonnes. Spot prices remained steady at previous levels at Rs 14,300 (un-garbled) and Rs 14,900 (MG 1) a quintal on Wednesday. More Stories on : Spices & Condiments
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