Kochi: Pepper futures market fell on Aug 19 on pessimistic activities. August contract fell by Rs 156 to Rs 14,010, below the spot rates for MG 1. The fall in other contracts was from Rs123 to Rs201 a quintal. In fact, exchange pepper was available cheaper. The NCDEX is said to be holding a stock of around 5,700 tonnes now. Total turnover on NCDEX fell by 1,655 tonnes to 6,598 tonnes. Total open interest also declined by 192 tonnes to 20,486 tonnes. The open interest for August declined by 1,685 tonnes, while that of September declined by 16 tonnes. October increased by 121 tonnes. Spot prices in tandem with the futures market trend fell by Rs 100 a quintal to close at Rs 13,700 (un-garbled) and Rs 14,300 a tonne (MG 1) on Aug 19. Indian parity for US was at $3,625 a tonne (c&f) while for Europe it was $3,550 a tonne (c&f). V Asta was quoted at $3,450 a tonne (f.o.b) while 550 GL at $3,050 a tonne (f.o.b).
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