Commodities

Pepper turns hot on thin arrivals

PTI New Delhi | Updated on July 21, 2011 Published on July 21, 2011

Market analysts said besides less arrivals in the physical market, pick up in local demand led to the rise in pepper futures prices.

Pepper prices surged by Rs 316 to Rs 29,680 per quintal in futures trade today following thin arrivals in the physical market against pick up in local demand.

At the National Commodity and Derivatives Exchange, pepper for delivery in October surged by Rs 316 or 1.08 per cent to Rs 29,680 per quintal, with an open interest of 740 lots.

Likewise, the spice for delivery in August shot up by Rs 263 or 0.92 per cent to Rs 28,750 per quintal, with an open interest of 8,977 lots.

Market analysts said besides less arrivals in the physical market, pick up in local demand led to the rise in pepper futures prices.

Published on July 21, 2011
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