Pepper futures down on profit-booking

PTI New Delhi | Updated on April 04, 2011


Pepper prices declined by 0.45 per cent at the futures trade today after speculators booked profits. But lower stocks due to limited supplies in the spot markets, however, restricted the losses.

At the National Commodity and Derivatives Exchange, pepper for delivery in April traded lower by Rs 114 or 0.45 per cent to Rs 25,314 per quintal with an open interest of 7,086 lots. It rose 1.48 per cent to close at Rs 25,424 per quintal in the previous session.

Similarly, the spice for delivery in May lost Rs 90 or 0.35 per cent to Rs 25,710 per quintal with a business turnover of 4,964 lots.

Analysts said emergence of profit-booking by speculators after gains in the previous session mainly led to the fall in futures prices here.

However, limited supplies in the spot markets and poor availability of stocks in other pepper producing countries, restricted the losses, they added.

Published on April 04, 2011

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