Commodities

Pepper futures fall on profit-taking

PTI New Delhi | Updated on August 17, 2011 Published on August 17, 2011

Analysts said profit-booking by speculators and subdued spot market demand at prevailing higher levels, mainly led to fall in pepper futures prices.

Pepper prices fell by Rs 226 to Rs 30,750 per quintal in futures trading today as speculators booked profits amid a weak spot market demand at prevailing higher levels.

At the National Commodity and Derivatives Exchange, pepper for August delivery fell by Rs 226 or 0.73 per cent to Rs 30,750 per quintal, with an open interest of 999 lots.

Similarly, the spice for delivery in September shed Rs 7 or 0.02 per cent to Rs 31,659 per quintal, with an open interest of 7,942 lots.

Analysts said profit-booking by speculators and subdued spot market demand at prevailing higher levels, mainly led to fall in pepper futures prices.

Published on August 17, 2011
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