Bonjour, new guests from small-town India
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
bl08 ker kigkn Pepper_G6Q2C6H34.1+BL08_KER_PEPPER.jpg
Pepper futures continued their upward swing on Wednesday on buying support and bullish activity.
However, there was some selling interest in spot. Exporters were seen covering their positions.
Dealers from the high ranges and Wayanad were selling at the terminal market, following tightening of the borders by the sales tax department in Kerala in looking at the financial year closing, market sources told Business Line.
MG 1 was being sold at a March delivery price of Rs 22,350 a quintal.
Meanwhile, investors were selling April at Rs 228 a kg and buying spot at the March delivery price.
Open interest on the futures market increased today and the turnover has dropped.
The stock position in NCDEX accredited warehouses as on March 7 was 2,748 tonnes.
The March contract on the NCDEX increased by Rs 123 to close at Rs 22,350 a quintal. April and May moved up by Rs 186 and Rs 307 respectively to close at Rs 22,805 and Rs 23,028 a quintal.
The total turnover dropped by 1,507 tonnes to close at 5,229 tonnes. Total open interest increased by 528 tonnes to 13,202 tonnes. March open interest dropped by 54 tonnes to 6,659 tonnes. April and May open interest went up by 556 tonnes and 33 tonnes respectively to close at 5,648 tonnes and 629 tonnes.
Spot prices, trading in tandem with the futures market trend, moved up by Rs 100 to close at Rs 21,700 (ungarbled) and Rs 22,500 (MG 1) a quintal.
Indian parity in the international market was at $5,175 a tonne (c&f) and remained in line with other origins. Consequently, some orders were already in the pipeline and some more were expected, they said.
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Citroen’s first vehicle sports a novel design and European interiors. It is also meant to be as comfortable as ...
The pandemic is only the tip of the iceberg that the country’s cash-poor airlines — both regional and national ...
The government is yet to specify the framework of its recently announced old vehicle scrappage policy
This Women’s Day, we discuss the features of a few financial products that aim to help you save, get insured ...
Sensex, Nifty 50 make a strong bounce-back, but test resistances
Avenue Supermarts (₹3,286.1): Makes fresh all-time highIn October last year, the stock of Avenue Supermarts ...
The exchange-traded fund ticks all boxes as an efficient tool to track gold prices
They are the health warriors who battled the Covid-19 pandemic on the ground, and are now the face of the ...
Uzbekistan’s grandest city dazzles tourists with its history, architecture and food
It’s the birth anniversary of Michelangelo di Lodovico Buonarroti Simoni, one of the great artists and ...
Reading in the loo — flipping through anything, really — appears to help the locomotion
Its name is the starting point of a brand’s journey and can make a big difference in the success sweepstakes
Sober spirits are the in thing
A peek into where ad spends went last year and where they are headed tomorrow
Can Swiggy Instamart disrupt the ecommerce groceries space, currently ruled by the Amazons and Big Baskets? ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor