Agri Business

Uptrend continues in pepper on good demand

G. K. Nair Kochi | Updated on May 28, 2013 Published on May 28, 2013

Uptrend continued in pepper on good buying support on the spot and on IPSTA trading. Consequently, all the active contracts ended above the previous day closing.

Continued good domestic demand especially for high bulk density pepper has aided the price rise, market sources said.

On the spot 20 tonnes of pepper arrived and the entire quantity was sold. Karnataka pepper was sold at Rs 330-332 a kg while Wayanad (Pulpally and Battery) was sold at Rs 337. High range pepper fetched Rs 342-345 and Rajakumari Rs 347.

July contract went up by Rs 191 a quintal at Rs 35,691. August surged by Rs 93 at Rs 35,750. Total open interest moved up by four tonnes to 27 tonnes.

Total turnover increased by 20 tonnes to 110 tonnes. Spot prices remained unchanged at Rs 33,700 (ungarbled) and Rs 35,200 (MG 1) on good buying support.

Indian parity in the international market was around $6,600 a tonne (c&f) for June shipments and $6,700 (c&f) for July.

Published on May 28, 2013
This article is closed for comments.
Please Email the Editor