On Thursday, the pepper futures market on witnessed high volatility and closed marginally above Wednesday’s level. There was selling pressure in the futures which pulled it down after going up during the early hours of trading.
Growers, who have been keeping stock for about five years or so, were also said to be liquidating as the prices moved up. In the domestic market, there was no activity as there was generally a wait and watch approach.
August contract went up Rs 43 on the NCDEX to close at Rs 14,099 a quintal. September and October went up by Rs 15 and Rs 13, respectively, to close at Rs 14,333 and Rs 14,000 a quintal.
Total turnover increased by 2,203 tonnes to 10,889 tonnes. Total open interest also moved up by 179 tonnes to 8,748 tonnes. August open interest fell by 119 tonnes while that of September and October increased by 130 tonnes and 139 tonnes.
Spot prices went up Rs 100 a quintal to close at Rs 13,500 (un-garbled) and Rs 14,000 (MG 1). Indian parity in the international market remained at $3,075-3,100 a tonne (c&f).
Growers, who have been keeping stock for about five years or so, were also said to be liquidating as the prices moved up. In the domestic market, there was no activity as there was generally a wait and watch approach.
August contract went up Rs 43 on the NCDEX to close at Rs 14,099 a quintal. September and October went up by Rs 15 and Rs 13, respectively, to close at Rs 14,333 and Rs 14,000 a quintal.
Total turnover increased by 2,203 tonnes to 10,889 tonnes. Total open interest also moved up by 179 tonnes to 8,748 tonnes. August open interest fell by 119 tonnes while that of September and October increased by 130 tonnes and 139 tonnes.
Spot prices went up Rs 100 a quintal to close at Rs 13,500 (un-garbled) and Rs 14,000 (MG 1). Indian parity in the international market remained at $3,075-3,100 a tonne (c&f).
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