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G.K. Nair

Kochi, Sept 26 Pepper futures on Friday moved up as all other origins firmed up following reports of tight supply position in the international market and buying interest from certain overseas markets.

October contract on NCDEX went up by Rs 201 a quintal to Rs 13,509. November and December contracts increased by Rs 200 and Rs 220 toRs 13,738 and Rs 13,997 a quintal respectively.

Total turnover dropped by 1,199 tonnes to 7,264 tonnes, as the activities were limited. There were no spot sellers. Total open interest moved up by 102 tonnes to close at 18,551 tonnes. Open interest for August-December lined by 188 tonnes to 7,835 tonnes while November and December moved up by 67 tonnes and 60 tonnes respectively.

Indian parity remained at $3,300-3,350 a tonne (c&f).

Spot prices in tandem with the futures market trend went up by Rs100 a quintal to close at Rs 13,100 (un-garbled) and Rs 13,700 (MG 1) on Friday.

In the international market, according to overseas reports, Brazil has firmed up while Vietnam has raised its price to level with India. Latest prices for different origins were Vietnam Asta $3,300 a tonne (c&f) New York; MG 1 $3,250-3,350 a tonne (c&f) New York; Lampong Asta $3,600 a tonne (fob) and Brazil Asta $2,700-2,750 a tonne (fob). Vietnam white pepper was quoted at $4,475 a tonne (c&f) New York.

More Stories on : Spices & Condiments | Commodity Exchanges

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