Pepper futures continued to rule hot on the NCDEX on Wednesday morning on continued demand.

Pepper futures have been gaining on fears of a lower crop this year and in the next following scanty rains in the growing areas of Kerala and Karnataka.

August futures were up by Rs 155 at Rs 43,700 for a quintal, while September futures were up Rs 110 at Rs 44,000. October futures gained Rs 120 at Rs 44,440.

Export enquiries for pepper are also picking up, which has supported the bullish trend in the counter. Pepper exports in April were at 1,200 tonnes against 2,266 tonnes in the same month last year.

(This article was published on August 8, 2012)
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