The pepper futures market witnessed high volatility last week with the prices shooting up in beginning and then falling sharply to move up at the weekend close.
On NCDEX, August, September and October contracts dropped by Rs 430, Rs 330 and Rs 347 respectively to close at Rs 14,460, Rs 14,806 and Rs 15,026 a quintal on Friday. Total turnover during the week increased by 2,735 tonnes to close at 59,409 tonnes. Total open interest went up by 352 tonnes to 9,519 tonnes.
August open interest dropped by 981 tonnes to 764 tonnes while September and October increased by 909 tonnes and 416 tonnes respectively, indicating switching over from August. Spot prices, however, remained at the previous weekend closing levels of Rs 14,000 (un-garbled) and Rs 14,500 (MG 1) a quintal.
On NCDEX, August, September and October contracts dropped by Rs 430, Rs 330 and Rs 347 respectively to close at Rs 14,460, Rs 14,806 and Rs 15,026 a quintal on Friday. Total turnover during the week increased by 2,735 tonnes to close at 59,409 tonnes. Total open interest went up by 352 tonnes to 9,519 tonnes.
August open interest dropped by 981 tonnes to 764 tonnes while September and October increased by 909 tonnes and 416 tonnes respectively, indicating switching over from August. Spot prices, however, remained at the previous weekend closing levels of Rs 14,000 (un-garbled) and Rs 14,500 (MG 1) a quintal.
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