On Monday, the upsurge in the pepper futures market continued with rise in all the contracts and the spot prices on bullish operations. Investors were buying exchange delivered pepper and selling futures.
“There were more and more buying interest seen,” market sources said. Enquiries were floating from the domestic market, which is holding back ever since the prices are on the rising trend. But, now they may not be able to hold back given the ensuing festival season, but to enter the market soon, they said.
August contract increased by Rs 330 on NCDEX to close at Rs 15,200 a quintal. September and October went up by Rs 364 and Rs 327 respectively to close at Rs 15,500 and Rs 15,700 a quintal.
Total turnover also increased by 5,448 tonnes to close at 14,108 tonnes. Total open interest went up by 420 tonnes to 9,587 tonnes. Open interest for August dropped by 206 tonnes while that of September shot up by 505 tonnes and October moved up by 99 tonnes.
“There were more and more buying interest seen,” market sources said. Enquiries were floating from the domestic market, which is holding back ever since the prices are on the rising trend. But, now they may not be able to hold back given the ensuing festival season, but to enter the market soon, they said.
August contract increased by Rs 330 on NCDEX to close at Rs 15,200 a quintal. September and October went up by Rs 364 and Rs 327 respectively to close at Rs 15,500 and Rs 15,700 a quintal.
Total turnover also increased by 5,448 tonnes to close at 14,108 tonnes. Total open interest went up by 420 tonnes to 9,587 tonnes. Open interest for August dropped by 206 tonnes while that of September shot up by 505 tonnes and October moved up by 99 tonnes.
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