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Pepper futures on Thursday declined on indications of a selling pressure amid limited activities and all the active contracts ended marginally below the previous day closing. Those holding stocks which would expire on Oct 5 were offering them at Rs 10 below the Oct delivery price.
Oct delivery on the NCDEX dropped by Rs 115 a quintal to the last traded price of Rs 43,300. Nov and Dec contracts decreased by Rs 75 and Rs 135 respectively to close at Rs 43,230 and Rs 42,260. Total turn over decreased by 210 tonnes to 2,094 tonnes. Total open interest increased by 83 tonnes to 8,929 tonnes. Oct open interest fell by 389 tonnes to 4,914 tonnes while that of Nov and Dec increased by 379 tonnes and 84 tonnes respectively to close at 2,976 tonnes and 740 tonnes. Spot prices remained unchanged.
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