Agri Business

Pepper futures surges

PTI New Delhi | Updated on November 09, 2017 Published on January 06, 2011

The spice for delivery in January inched up by Rs 64 or 0.28 per cent to Rs 23,198 a quintal, with an open interest of 9,140 lots. -- K.K. Mustafah   -  Business Line

Pepper futures prices went up by Rs 549 to Rs 24,699 a quintal on Thursday, as speculators enlarged their positions driven by the squeeze in supplies.

At the National Commodity and Derivatives Exchange platform, pepper for delivery in June shot up Rs 549, or 2.27 per cent to Rs 24,699 a quintal, with an open interest of 41 lots.

The spice for delivery in January inched up by Rs 64 or 0.28 per cent to Rs 23,198 a quintal, with an open interest of 9,140 lots.

Analysts said tight supplies in physical markets following lower stocks in major producing countries and diminishing stocks mainly influenced the futures prices here.

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Published on January 06, 2011
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