Kochi: Pepper futures market on Aug 5 was highly volatile and ended slightly higher than that of Aug 4. August contract was increased by Rs 48 a quintal to close at Rs 14,111. The increase in other contracts was from Rs 59 to Rs 75 a quintal on NCDEX. Strengthening of the rupee against the dollar coupled with the upward trend in the Indian market has kept our parity at higher levels at $3,550-3,600 a tonne C&F.
Domestic demand remained to be good and it is hoped to go up as the festival season is fast approaching. The total turnover was increased by 1,388 tonnes to close at 6,734 tonnes while the total open interest fall by 314 tonnes to 19,773 tonnes.
Domestic demand remained to be good and it is hoped to go up as the festival season is fast approaching. The total turnover was increased by 1,388 tonnes to close at 6,734 tonnes while the total open interest fall by 314 tonnes to 19,773 tonnes.
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