The Hindu Business Line : NMCE pepper contracts settle higher

The contract in pepper settled at Rs 14,208 a quintal, which was Rs 256 lower than Rs 14,464 of June and Rs 167 lower than Rs 14,375 of April, but was marginally higher than Rs 14,134 of the May settlement price.

Among the contracts of other commodities that matured yesterday at NMCE, copra settled at Rs 4,398 per quintal as against Rs 4,089 of June, Rs 4,056 of May and Rs 4,186 of April. Sacking settled at Rs 1,862 (100 bags of 50-kg each), which was slightly higher than Rs 1,829 of June but lower than Rs 2,013 of May.

Cumin seed settled at Rs 12,083 per quintal as against Rs 10,758 of June and Rs 10,433 of May. Guar gum settled at Rs 4,754 per quintal as against Rs 4,451 of June and Rs 4,596 of May. Rape seed closed at Rs 611 (20-kg) as against Rs 589 of June and Rs 523 of May.

The settlement prices of July-2008 contract of other commodities that matured at NMCE on Tuesday included coffee Arabica Rs 11,500 per quintal and Robusta Rs 10,133 per quintal and cardamom Rs 576 per kg.

The new series for futures contract launched in cardamom, copra, cumin seed, guar gum, gold and silver will expire on October 15, 2008. The new series in rape/mustard seed, coconut oil and sack on November 15, and that in pepper, coffee Arabica and Robusta on January15, 2009.

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