Agri Business

Pepper futures extend losses on fresh arrivals

PTI New Delhi | Updated on January 28, 2011

Pepper kept for sale at a retail outlet in Kochi, Kerala.File picture - K K Mustafah.   -  Businessline

Pepper remained under pressure in futures trading on Friday with prices falling by another Rs 138 to Rs 23,821 a quintal, largely on fresh arrivals at the spot markets amid weak overseas demand.

At the National Commodity and Derivatives Exchange, pepper for delivery in July traded Rs 138, or 0.58 per cent lower, at Rs 23,821 a quintal, with an open interest of 14 lots.

The spice for delivery in February fell by Rs 58, or 0.26 per cent, to Rs 22,255 a quintal, with a business turnover of 9,128 lots.

The fall in pepper futures prices was mostly due to adequate stocks, following fresh arrivals in the spot markets and subdued overseas demand, analysts said.

Published on January 28, 2011

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