Commodities

Pepper futures up on spot demand

PTI New Delhi | Updated on June 27, 2011

Pepper prices rose 0.23 per cent to Rs 27,490 per quintal at the futures trade today after participants enlarged their positions, supported by pick-up in spot demand.

At the National Commodity and Derivatives Exchange, pepper for delivery in July rose Rs 64 or 0.23 per cent to Rs 27,490 per quintal with an open interest of 7,025 lots. Similarly, August contract gained Rs 47 or 0.17 per cent to Rs 28,087 per quintal with an open interest of 2,514 lots.

Market analysts said fresh buying by speculators following better trend at the spot market on pick-up in demand mainly pushed up the pepper futures prices.

Published on June 27, 2011

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