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G.K. Nair

Kochi , Nov. 16

Pepper futures market moved up on buying support on Thursday. November contract on NCDEX went up by Rs 193 a quintal to close at Rs 10,715. The increase in other positions was from Rs 78 to Rs 188 a quintal.

On NMCE, November contract matured and 65 tonnes of pepper delivered. December contract increased by Rs 85 to close at Rs 10,401.

All the other positions, except February that declined by Rs 215, moved up and the increase was from Rs 60 to Rs 186 a quintal.

Open Interest

The total open interest on NCDEX dropped by 1,131 tonnes to 21,643 tonnes, while on NMCE it fell by 210 tonnes to 5,004 tonnes.

The November open interest on NCDEX dropped by 648 tonnes to 2,712 tonnes, while that of December dropped by 506 tonnes to 12,839 tonnes. The December position on NMCE fell by 224 tonnes to 4,037 tonnes from 4,261 tonnes.

The spot prices also moved up by Rs 100 a quintal to close at Rs 10,300 (un-garbled) and Rs 10,900 (MG 1) on Thursday.

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