Pepper Futures Increase On Purchasing Support

Kochi: Pepper futures on Oct 15, moved up on good purchasing support and tight supply position. National level Cooperatives were buying MG 1 NCDEX delivered at November prices. International market is quiet. Indonesia is on holidays. Brazil and Vietnam are yet to open after the weekend holidays. October contract on NCDEX on Oct 15, increased by Rs 77 a quintal to Rs 13,840. The increase in other contracts was from Rs 61 to Rs 179 a quintal. On NMCE, October contract fell by Rs 100 a quintal to Rs 13,500. Spot prices ruled firm at previous levels on Monday at Rs 13,400 (un-garbled) and Rs 14,000 (MG 1) a quintal.