Commodities

Pepper down on profit-booking

PTI New Delhi | Updated on June 20, 2011

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Pepper fell by 0.28 per cent to Rs 29,070 per quintal in futures trade today amid profit-booking by speculators.

However, tight supplies and falling stocks restricted the losses.

At the National Commodity and Derivatives Exchange, pepper for July delivery fell by Rs 81 or 0.28 per cent to Rs 29,070 per quintal with an open interest for 6,667 lots.

It ended 0.234 per cent higher at Rs 29,151 per quintal in the previous session.

Likewise, the commodity for delivery in June fell by Rs 65 or 0.22 per cent to Rs 29,311 per quintal with a business turnover of 2,608 lots.

Analysts said profit-booking by speculators mainly led to the fall in pepper futures, but tight supplies and depleting stocks in the spot market limited the losses.

Published on June 20, 2011

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