Pepper Witnesses Uptrend

Kochi: Pepper futures market maintained its upsurge on reported tight supply position and consequent price rise in Vietnam. NCDEX is having a stock of 5,864 tonnes in the warehouses as on April 4, while NMCE had 7,639 tonnes as on April 3. April contract on NCDEX increased by Rs 504 a quintal to Rs 15,318 on April 6. The increase in other contracts was from Rs 386 to Rs 498 a quintal. On NMCE, April contract went up by Rs 464 a quintal to Rs 14,575. The total turnover on NCDEX increased by 532 tonnes to 61,108 tonnes, while on NMCE, it declined by 4,458 tonnes to 7,053 tonnes. The total open interest on NCDEX declined by 164 tonnes to 31,119 tonnes.