Kochi: Pepper futures market after saw high volatility on Aug 27 closed marginally higher. On NCDEX, September contract increased by Rs 40 a quintal to close at Rs 14,016, far below the MG 1 spot price of Rs 14,200 a quintal. The increase in other contracts except February was from Rs 24 to Rs 58 a quintal. Total turn over fell by 947 tonnes to 6,733 tonnes while total open interest fall by 19 tonnes to 20,110 tonnes. September and November open interest declined by 411 tonnes and 13 tonnes respectively while October moved up by 351 tonnes. Indonesia was looking for their new crop to arrive. Brazil was lower because of a strong dollar and offering B Asta at $2,975 a tonne (fob). B1 was cited at $2,850 at tonne (fob) and B2 at $2,750 a tonne (fob). Vietnam cited FAQ 500 GL at $2,750 a tonne (fob) and 550 GL at $2,900 a tonne (fob). L Asta was reportedly quoted at $3,500-3,600 a tonne in the US.
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