The Hindu Business Line : Pepper futures rise amidst volatility

Indian parity on Thursday was at $3,950 a tonne (c&f) while all other origins ruled steady at previous levels. MG 1, thus, remained competitive. Vietnam was offering 500 GL at $3,450-3,500 a tonne (f.o.b.). Brazil was offering B Asta at $3,800 a tonne (f.o.b.) while B1 and B2 at $3,700 and $3,600 a tonne respectively. L Asta continued to remain steady at $4,050 a tonne (f.o.b.).

CONTRACT POSITION

April contract on NCDEX moved up by Rs 90 a quintal on Thursday to Rs 14,815. The increase in other contracts was from Rs 74 to Rs 214 a quintal. On NMCE, April contract went up by Rs 34 a quintal to Rs 14,703. The rise in other contracts was from Rs 58 to Rs 180 a quintal.

Spot prices in tandem with the futures market trend moved up by Rs 100 a quintal on Thursday to close at Rs 14,200 (un-garbled) and Rs 14,800 (MG 1).

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