Agri Business

Pepper futures up on lower stocks

PTI New Delhi | Updated on January 13, 2011 Published on January 13, 2011

PEPPER- P.V.SIVAKUMAR   -  Businessline

Pepper futures prices went up by 0.27 per cent to Rs 23,049 a quintal on Thursday, as speculators enlarged their positions, driven by the squeeze in supplies.

At the National Commodity and Derivatives Exchange counter, pepper for delivery in February gained Rs 62, or 0.27 per cent to Rs 23,049 a quintal, with an open interest of 7,747 lots.

The spice for delivery in March inched up by Rs 55, or 0.24 per cent, to Rs 23,330 a quintal, with an open interest of 622 lots.

Market analysts said tight supplies in physical markets following lower stocks in major producing countries and falling stocks mainly supported the upside in pepper futures prices here.

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Published on January 13, 2011
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