Commodities

Pepper futures gain on weak supply

PTI New Delhi | Updated on July 04, 2011

Market analysts said tight supply following fall in arrivals in the physical market helped pepper prices to rise at futures trade, but sluggish export as well as domestic demand restricted the gains.

Pepper prices rose by Rs 138 to Rs 27,754 per quintal in futures trade today on weak supplies.

However, sluggish spot demand restricted the gains.

At the National Commodity and Derivatives Exchange, pepper for August delivery rose by Rs 138, or 0.50 per cent, to Rs 27,754 per quintal, with an open interest of 3,646 lots.

Similarly, the spice for delivery in July edged up by Rs 78, or 0.29 per cent to Rs 23,375 per quintal, with a trade volume of 7,721 lots.

Market analysts said tight supply following fall in arrivals in the physical market helped pepper prices to rise at futures trade, but sluggish export as well as domestic demand restricted the gains.

Published on July 04, 2011

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