Commodities

Pepper futures fall on profit-booking

PTI New Delhi | Updated on February 16, 2011

Analysts said profit booking by speculators and weak export demand mainly put pressure on futures prices but restricted supplies and falling stocks in the spot market, restricted losses. PHOTO P.V. Sivakumar   -  Business Line

Pepper futures prices fell by 0.86 per cent to Rs 24,101 per quintal today after speculators locked in gains amid poor export demand.

However, inadequate supply and depleting stocks in the spot market, limited the losses.

At the National Commodity and Derivatives Exchange, pepper for delivery in April fell by Rs 210 or 0.86 per cent to Rs 24,101 a quintal, with an open interest of 1,674 lots.

The spice for delivery in February also lost Rs 200 or 0.79 per cent to Rs 25,190 a quintal, with an open interest of 6,834 lots.

Analysts said profit booking by speculators and weak export demand mainly put pressure on futures prices but restricted supplies and falling stocks in the spot market, restricted losses.

Published on February 16, 2011

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