The Hindu Business Line : Pepper futures up a tad

Pepper futures market after witnessing high volatility during the day closed marginally up on Wednesday. There was no selling pressure of ready pepper. Meanwhile, rumours were being spread that new pepper has started arriving and that had influenced the prices, market sources told Business Line. However, domestic demand continued to remain strong. January contract on NCDEX on Wednesday moved up by Rs 10 a quintal to Rs 13,503. On NMCE, January contract went up by Rs 25 a quintal to Rs 13,450. Total turnover on NCDEX dropped by 311 tonnes to 13,993 tonnes.On NMCE, total turn over declined by 294 tonnes to 1,618 tonnes. Total open interest on NCDEX moved up by 63 tonnes to 18,204 tonnes. On NMCE, total open interest declined by 15 tonnes to 1,400 tonnes. Spot prices on good buying support moved up by Rs 100 a quintal to Rs 12,900 (un-garbled) and Rs 13,500 (MG 1). –

G.K. Nair

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