Pepper Future Witnesses High Volatility

Kochi: The pepper futures market saw high volatility on Aug 10, on bearish activities and increased marginally at the day's close. Prices at the other origins reportedly ruled firm at previous levels. Purchasers were waiting and watching. August contract on NCDEX moved up by Rs 42 a quintal on Friday to Rs 12,775. December fell by Rs 22 a quintal. On NMCE, August contract increased by Rs 89 a quintal to Rs 12,780. All the other contracts except October, which increased by Rs 33, dropped by Rs 18 to Rs 275 a quintal. Total turnover on NCDEX declined by 1,044 tonnes to 26,861 tonnes while on NMCE, it increased by 266 tonnes to 1,798 tonnes. Total open interest on NCDEX fell by 783 tonnes to 25,132 tonnes. August and September positions dropped by 354 tonnes and 889 tonnes, respectively to 4,696 tonnes and 12,067 tonnes.