Comments
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.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.