Kochi: Pepper futures market continued its downward trend on Sept 10 also on pessimistic activities and on reports of prices easing in other origins-Vietnam and Brazil. October and November declined by Rs 139 and Rs 155 a quintal to Rs 12,775 and Rs 13,001 respectively on NCDEX. All the three contracts declined to below the spot price of Rs 13,400 a quintal for MG 1. The fall in other contracts was from Rs 42 to Rs 337 a quintal.
Banks are closed for two days on Sept 11 and Sept 12 on account of Onam and it is also affecting the trade. Total volume increased by 3,585 tonnes to 11,354 tonnes, while total open interest dropped by 410 tonnes to 19,128 tonnes. Open interest for September declined by 868 tonnes, while October and November moved up by 252 tonnes and 229 tonnes. Spot rates ruled firm at prices of Rs 12,800 (un-garbled) and Rs 13,400 (MG 1) a quintal
Banks are closed for two days on Sept 11 and Sept 12 on account of Onam and it is also affecting the trade. Total volume increased by 3,585 tonnes to 11,354 tonnes, while total open interest dropped by 410 tonnes to 19,128 tonnes. Open interest for September declined by 868 tonnes, while October and November moved up by 252 tonnes and 229 tonnes. Spot rates ruled firm at prices of Rs 12,800 (un-garbled) and Rs 13,400 (MG 1) a quintal
No comments:
Post a Comment