Tuesday, March 25, 2008

Pepper Rallies After A Weak Opening

Malabar Garbled Pepper futures surged after a weak trading in the opening sessions. NCDEX Pepper futures benchmark April contract opened the day with weak note at Rs 14811 and the price rose to the sessions high of Rs 15050, up Rs 129 per quintal. The commodity is currently trading near the sessions high and the open interest in the contract decreased 2.15%, indicating short covering.

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