Kochi: The pepper futures market saw high volatility on Sept 17 and looking for some direction. All the contracts ended marginally down. September contract fell by Rs 41 a quintal to Rs 12,310 on NCDEX.October and November fell by Rs 57 and Rs 69 a quintal to Rs 12,524 and Rs 12,765 respectively. Total volume fell by 5,863 tonnes to 6,696 tonnes. Total open interest fell by 12 tonnes to 18,735 tonnes.
Spot prices ruled firm at previous levels of Rs 12,600 (un-garbled) and Rs 13,200 (MG 1) a quintal on Sept 17. Prices quoted for different origins were Vietnam 500 GL $2,525 a tonne(fob) and 550 GL at $2,675 a tonne (fob) while V Asta was being offered at $3,025 a tonne (c&f) New York. MG 1 Asta was quoted at$3,025-3,075 a tonne (c&f) NY. Brazil was offering cheap at $2,500 a tonne (fob) for B Asta while B2 and B1 were quoted at $2,200-2,300 and $2,300-2,400 a tonne (fob).Vietnam white pepper (double washed) was quoted at $3,990 at tonne (fob)
Spot prices ruled firm at previous levels of Rs 12,600 (un-garbled) and Rs 13,200 (MG 1) a quintal on Sept 17. Prices quoted for different origins were Vietnam 500 GL $2,525 a tonne(fob) and 550 GL at $2,675 a tonne (fob) while V Asta was being offered at $3,025 a tonne (c&f) New York. MG 1 Asta was quoted at$3,025-3,075 a tonne (c&f) NY. Brazil was offering cheap at $2,500 a tonne (fob) for B Asta while B2 and B1 were quoted at $2,200-2,300 and $2,300-2,400 a tonne (fob).Vietnam white pepper (double washed) was quoted at $3,990 at tonne (fob)
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