Kochi: Pepper futures market fell on Monday on bearish activities and reported easier trend in other origins.
Market continued to remain volatile with the bulls and bears pushing up and down the prices. No fresh orders were forthcoming as the Indian pepper still remained out-priced, market sources told Business Line.
Spot prices also dropped in tandem with the futures market trend. November contract on NCDEX dropped by Rs 102 on Monday to Rs 13,765. The fall in other contracts was from Rs 87 to Rs 169 a quintal.
On NMCE, December contract fell by Rs 161 a quintal to Rs 13,960. The fall in other contracts was from Rs 74 to Rs 142 a quintal.
Total turnover on NCDEX increased by 6,474 tonnes to 13,550, while that for November, December and January was 5 per cent, 67 per cent and 26 per cent respectively.
On NMCE, the total turnover declined by 37 tonnes to 1,240 tonnes. Spot prices fell by Rs 100 a quintal on Monday to close at Rs 13,200 (un-garbled) and Rs 13,800 (MG 1).
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