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Pepper futures witnessed a mixed trend with the November contract moving up marginally, while December contracts declined marginally. However, on the spot 13 tonnes of pepper arrived from the plains and they were traded at Rs 458-460 a kg. Availability continued to be tight, trade sources said. Expert processors and re-sellers sold “semi-processed 550 GL material having 13.5 to 24 per cent moisture content,” market sources told Business Line.
Inter-State dealers and leading exporters were said to be covering. Upcountry markets would become active from Nov 6 onwards, they said. On the NMCE, Nov contract moved up by Rs 100 to Rs 47,500 . December contract dropped by Rs 50 to Rs 47,300 a quintal. Turnover stood at two tonnes. Spot prices remained unchanged at Rs 45,800 (ungarbled) and Rs 47,800 (garbled) a quintal. Indian parity in the international market also stayed steady at previous levels, they said.
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