Kochi: Pepper futures market saw fall on June 26, on reports of decline in Vietnam prices. Good quantity was sold at Rs 138-146 a kg. Investor players were purchasing NCDEX delivered spot and selling September delivery in NCDEX, while others were purchasing farm grade pepper and selling September. India was offering only 550 GL and 560 GL MG1 and the Indian parity was at $3,900-3,950 a tonne (c&f). Vietnam was offering V Asta at $4,160 a tonne (f.o.b), while Brazil has quoted 560 GL at $3,650 a tonne (fob).
July contract on NCDEX fell by Rs 165 a quintal on June 26, to Rs 14,970. The increase in other contracts was from Rs 179 to Rs 221 a quintal. On NMCE, July contract fell by Rs 206 a quintal to Rs 14,770. December increased by Rs 239 a quintal to Rs 16,100. Total turnover on NCDEX dropped by 5,275 tonnes to 22,946 tonnes, while on NMCE it increased by 64 tonnes to 2,366 tonnes. Total open interest on NCDEX moved up by 430 tonnes to 24,285 tonnes, while July position declined by 285 tonnes to 5,449 tonnes.
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