Pepper futures up on limited supply

| Updated on: Feb 11, 2011

Buoyed by limited supply of stocks, pepper prices were up by Re 0.39 per cent at the futures trade today as speculators enlarged their positions.

At the National Commodity and Derivatives Exchange counter, April contract gained Rs 94 or 0.39 per cent to Rs 23,968 per quintal with an open interest of 712 lots. Similarly, the spice for delivery in March shot up by Rs 76 or 0.32 per cent to Rs 23,580 per quintal with an open interest of 8,500 lots.

Market analysts said low stocks in the market due to restricted supply from the producing regions mainly influenced the pepper prices at the futures trade.

Published on February 11, 2011

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