Comments
Pepper futures on Friday dropped on liquidation after witnessing volatility.
The spot market was closed on account of Vishu . There was no trading as financial institutions and markets remained closed, trade sources told Business Line .
April contract on the National Commodity and Derivatives Exchange dropped by Rs 191 to close at Rs 26,265 a quintal. May and June declined by Rs 92 and Rs 125 to close at Rs 26,930 and Rs 27,405 a quintal.
Turn over dropped 2,015 tonnes to 11,294 tonnes. Open interest moved up 20 tonnes to 13,940 tonnes.
April open interest fell by 540 tonnes to 1,571 tonnes. May and June moved up by 360 tonnes and 158 tonnes to 10,512 tonnes and 1,439 tonnes.
Spot prices remained steady at Rs 25,000 (ungarbled) and Rs 25,800 (MG 1) a quintal, as the market was closed.
Indian parity in the international market remained competitive at $6,300-6,400 a tonne (c & f).
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.