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

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

Kochi, Feb. 14 Pepper futures market on Thursday witnessed high volatility during the day and closed marginally higher than that of Wednesday closing.

The upward trend said to have been created by the FMC’s decision to enhance the nearby month position.

Arrival continued to be limited and hence instead of buying spot exporters were buying from the exchange and opt for delivery, market sources told Business Line.

According to them when the prices were pulled down to $3,700 to $3,725 a tonne (c&f) European operators reported to have covered around 500 tonne of black pepper from India at that level.

Indian parity on Thursday stood at $3,825-3,850 a tonne (C&f) and remained competitive. Lampong Asta was being offered at $3,700-3,775 a tonne (f.o.b.) while Vietnam was offering VAsta at $3,900 a tonne (f.o.b.). However, Brazil was offering B Asta low at $3,500 at tonne (f.o.b.).

High prices of white pepper might encourage Vietnam to move out good quantity of bold berries for converting into white, they said.

February contract on NCDEX moved up by Rs 33 a quintal to close at Rs 13,911 from Rs 13,878. The increase in other contracts except August was from Rs 53 to Rs 130 a quintal while August contract fell by Rs 355 a quintal.

On NMCE February contract remained at previous level. Increase in other contracts was from Rs 70 to Rs 216 a quintal. Total turn over on NCDEX dropped by 9,630 tonne to 13,137 tonne while that on NMCE declined by 668 tonne to 1,425 tonne.

Spot prices moved up by Rs 100 a quintal to close at Rs 13,300 (un-garbled) and Rs 13,900 (MG 1).

More Stories on : Spices & Condiments

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

Stories in this Section
Scientists achieve breakthrough in plant breeding

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