NCDEX said the re-launched pepper contract has evoked a good response over the last couple of days, with a healthy build-up in open interest.

The pepper contract, launched on Monday after almost five years, registered a total volume of ₹41.66 crore, with 871 tonnes traded. The open interest stood at 169 tonnes on Thursday, said Sarat Mulukutla, Chief, Commercial Segment, NCDEX.

NCDEX has added Hassan as an additional delivery centre for the contract in Karnataka, where production has picked up in recent years. Karnataka accounts for about 45 per cent of India’s output of 55,000 tonnes. Kerala also has a similar share.

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