• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

G. K. Nair

Kochi, Oct. 13 Pepper futures market, which moved up sharply in the morning, dropped in the afternoon and closed marginally above the Saturday close on buying support.

The fall in the prices was attributed to easing of Vietnam prices by $50 a tonne.

Investors were liquidating and buying back futures, which is cheaper. Exporters were covering from Investors. The situation has reached such a stage that the terminal market has started loosing its importance of late, market sources told Business Line.

In the international market Indian parity remained at $3,000 to $3,100 a tonne (c&f) while Vietnam was offering V Asta at $2,875-2,900 a tonne (c&f). October contract on Monday moved up by Rs 58 a quintal to close at Rs 12,930. November and December contracts went up by Rs 67 and Rs 52 to close at Rs 12,981 and Rs 13,115 a quintal respectively.

Spot prices ruled steady at previous levels at Rs 13,000 (un-garbled) and Rs 13,600 (MG 1) a quintal.

More Stories on : Spices & Condiments

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line