Business Daily from THE HINDU group of publications
Tuesday, Jun 23, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Tuesday, Jun 23, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Agri-Biz & Commodities
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Spices & Condiments States - Kerala Marginal rise in pepper futures G.K. Nair Kochi, June 22 The pepper futures market on Monday ruled by and large steady at close after witnessing high volatility. Prices moved up sharply in the morning and declined later for want of buying support but closed at slightly higher from the previous levels. July contract moved up by Rs 17 to close at Rs 12,865 a quintal. August and Sept went up by Rs 22 and 75 respectively to close at Rs 13,025 and Rs 13,210 a quintal. Total turnover went up by 2,024 tonnes to close at 3,198 tonnes. Total open interest also moved up by 124 tonnes to 6,436 tonnes. July open interest dropped by 84 tonnes to 5,149 tonnes while August and Sep wetnt up by 187 tonnes and 22 tonnes respectively. Spot prices ruled steady at previous levels of Rs 12,400 (un-garbled) and Rs 12,900 (MG 1) a quintal. Meanwhile, import lobby is allegedly buying high density bulk pepper from Idukki at a premium and that said to have pushed up the primary market prices there. Domestic demand is met from Coorg and with imported materials, market sources told Business Line. More Stories on : Spices & Condiments | Kerala
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