Agri Business

Pepper futures up

PTI New Delhi | Updated on January 03, 2011 Published on January 03, 2011

Reports of lower stocks with major producing countries and tight supplies at domestic physical markets, mainly influenced futures prices. -- K.K. Mustafah   -  The Hindu Business Line

Pepper futures prices rose by Rs 171 to Rs 23,369 a quintal on Monday as speculators enlarged positions, driven by reports of lower stocks with major producing countries amid weak supplies in domestic markets.

At the National Commodity and Derivatives Exchange counter, pepper for February rose by Rs 171 or 0.74 per cent to Rs 23,369 a quintal, with an open interest of 2,691 lots.

Likewise, the spice for delivery in January gained Rs 151 or 0.66 per cent to Rs 23,083 a quintal, with a business turnover of 9,506 lots.

Analysts said reports of lower stocks with major producing countries and tight supplies at domestic physical markets, mainly influenced futures prices here.

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Published on January 03, 2011
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