Kochi: Pepper futures market on Monday declined on bearish activities and reported arrival of imported material from Indonesia contracted earlier under advance licence.
Investors were selling futures and buying exchange delivered material while processor-dealers were covering from the primary markets. Indian parity continues to remain competitive. Indonesia, though have limited stocks, was offering at Indian parity levels. Brazil continues to remain the cheapest source at $3,600 a tonne (f.o.b.).
CONTRACT POSITION
February contract on NCDEX dropped by Rs 138 a quintal on Monday to close at Rs 14,381.
• Quarterly results of corporates: Check out
The fall in other contracts was from Rs 133 to Rs 271 a quintal. On NMCE, February contract fell by Rs 180 a quintal to Rs 14,230. Spot prices also in tandem with the futures market trend declined by Rs 100 a quintal on Monday to close at Rs 13,600 (un-garbled) and Rs 14,200 (MG 1).
Investors were selling futures and buying exchange delivered material while processor-dealers were covering from the primary markets. Indian parity continues to remain competitive. Indonesia, though have limited stocks, was offering at Indian parity levels. Brazil continues to remain the cheapest source at $3,600 a tonne (f.o.b.).
CONTRACT POSITION
February contract on NCDEX dropped by Rs 138 a quintal on Monday to close at Rs 14,381.
• Quarterly results of corporates: Check out
The fall in other contracts was from Rs 133 to Rs 271 a quintal. On NMCE, February contract fell by Rs 180 a quintal to Rs 14,230. Spot prices also in tandem with the futures market trend declined by Rs 100 a quintal on Monday to close at Rs 13,600 (un-garbled) and Rs 14,200 (MG 1).
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