Saturday, September 13, 2008

Pepper Future Sees Mixed Trend - Sep 13, 2008

Kochi: Pepper futures market on Sept 12 saw a mixed trend with nearby positions falling and distant positions showing an upward trend. The total turnover fell sharply. Domestic players are keeping away from the falling market, while most of the exporters are not covering due to fear of the quality of the material. On NCDEX, September contract fell by Rs 31 a quintal to Rs 12,532. October and November fell by Rs 36 and Rs 16 to Rs 12,781 and Rs 13,010 a quintal respectively.

Among the other contracts, December fell by Rs 16, while January and February increased by Rs 138 and Rs 70 a quintal respectively. Total turnover on NCDEX declined by 4,356 tonnes to 6,998 tonnes while on NMCE it fell by 401 tonnes to 342 tonnes. Total open interest on NCDEX increased by 290 tonnes to 19,418 tonnes. September open interest declined by 264 tonnes to 4,625 tonnes while that of October and November increased by 496 tonnes and 42 tonnes respectively

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