Pepper Future Falls

Kochi: Pepper futures declined on July 3, on reports of decline in Vietnam prices and lack of purchasing support. Bearish activities also said to have contributed to the decline. Indian prices for this grade remained competitive. There was no selling pressure in the primary markets and hence spot prices ruled firm at previous levels. July contract on NCDEX on Tuesday declined by Rs 69 a quintal to Rs 15,173. On NMCE, July contract declined by Rs 195 a quintal to Rs14,700. The decline in other contracts was from Rs 125 to Rs 168 a quintal. Spot prices ruled firm on July 3, at Rs 14,200 (un-garbled) and Rs 14,800 (MG 1).