Pepper Future Witnesses Volatility

Kochi: Pepper futures saw high volatility on Aug 20, and nearby contracts moved up at the day's closing. Strengthening of rupee against dollar has pushed the Indian parity upward to $3,600-3,650 a tonne (c&f). Vietnam was offering FAQ 500 GL at $3,170 and 550 GL at $3,300 a tonne (f.o.b.), while V Asta at $3,580 a tonne (f.o.b.). August contract on NCDEX increased on Aug 20, by Rs 102 a quintal to Rs 13,050. September and October went up by Rs 50 and Rs 6 respectively a quintal, while October, December, January and February declined by Rs 15, Rs 93, Rs 42 and Rs 77 a quintal. On NMCE September contract increased by Rs 109 a quintal to Rs 12,975. Other contracts except October increased by Rs 265, Rs 241 and Rs 35 a quintal respectively. Total turnover on NCDEX increased by 9,105 tonnes to 21,332 tonnes, while that for August, September and October went up by 7 per cent, 56 per cent and 34 per cent respectively.