Pepper Future Mkt Increases

Kochi: Pepper futures market increased on Sept 04, after seeing sharp decline the past two days following reports of increase in prices in Indonesia and Brazil. Prices in the Indonesian local markets have increased and L Asta was being offered at $3,600 a tonne (f.o.b). Brazil said to have quoted B Asta at $3,400 a tonne (f.o.b). Vietnam was slow and offering V Asta at $3,450 a tonne (f.o.b). September contract on NCDEX increased by Rs 477 a quintal on Sept 4, to close at Rs 12,386 from Rs 11,909 on Monday. The increase in other contracts was from Rs 409 to Rs 542 a quintal. On NMCE September contract increased by Rs 298 a quintal to Rs 12,200 from Rs11,902. The increase in other contracts was from Rs 251 to Rs 525 a quintal. On NMCE the total turnover dropped by 202 tonne to 2,864 tonne. The prices remained at previous levels at Rs11,900 (un-garbled) and Rs 12,500 (MG 1) a quintal.