Kochi: The pepper futures market on July 13, saw marginal decline for want of purchasing support. Besides, they anticipate that the FMC would give some relief to the genuine players-exporters and hedgers, on quantitative restrictions on nearby position at the meeting held in Mumbai. In the international market all other origins remained steady for Asta grade.
July contract on NCDEX fell by Rs 79 a quintal on Friday and closed at Rs 14,610. The fall in other contracts was from Rs 64 to Rs 199 a quintal. On NMCE, July contract fell by Rs 117 a quintal to Rs 14,286. The decline in other contracts was from Rs 16 to Rs 141 a quintal. The total open interest on NCDEX increased by 680 tonnes to 24,704 tonnes, while July position dropped by 217 tonnes to 2,329 tonnes. Total open interest on NMCE dropped by 384 tonnes to 2,730 tonnes, while July position declined by 371 tonnes to 547 tonnes. Spot prices dropped by Rs 100 a quintal on July 13, to close at Rs 14,000 (un-garbled) and Rs 14,600 (MG 1).
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