Pepper Futures Fall

Kochi: Pepper fell marginally on Jun 1, following reports of fall in Vietnam prices despite some buying support. Processors were actively buying un-garbled at Rs 13,700 - 14,000 a quintal for processing. Strengthening of rupee on June 1, against dollar pushed up the Indian parity. Vietnam FAQ 500 GL was reportedly down by $200 a tonne to $3,550 (f.o.b.), while 550 GL was being offered at $3,770 a tonne (f.o.b.). Indonesia has quoted L Asta at $3,900 a tonne (f.o.b.). Indian parity was at $3,850 - $3,900 a tonne (c&f). June contract on NCDEX declined by Rs 115 a quintal to Rs 13,904. The drop in other contracts hope November was from Rs 5 to Rs 90 a quintal. November was up by Rs 29 a quintal.On NMCE, June contract declined by Rs 31 to Rs 13,678. July declined by Rs 50. All other contracts moved up by Rs 48 to Rs 187 a quintal.