Kochi: Pepper futures market on Sept 19 saw high volatility and after going up it went down and closed marginally up on purchasing support. People were switching over to October and November. However, some were purchasing because of the low prices at the exchange and non-availability of ready pepper in the open market. September contract increased Rs 14 a quintal to Rs 12,690 on NCDEX.
October and November contracts were also up Rs 44 and Rs 36 to Rs 12,849 and Rs 13,101 a quintal, respectively, but far below the spot price of MG 1. Total turnover increased by 2,977 tonnes to 11,626 tonnes on NCDEX while total open interest increased 185 tonnes to 18,391 tonnes. Net open position for Sept declined by 858 tonnes while October and November increased 34 tonnes and 971 tonnes, respectively. Spot prices ruled steady at Sept 18 levels of Rs 12,800 (un-garbled) and Rs 13,400 (MG 1) a quintal
October and November contracts were also up Rs 44 and Rs 36 to Rs 12,849 and Rs 13,101 a quintal, respectively, but far below the spot price of MG 1. Total turnover increased by 2,977 tonnes to 11,626 tonnes on NCDEX while total open interest increased 185 tonnes to 18,391 tonnes. Net open position for Sept declined by 858 tonnes while October and November increased 34 tonnes and 971 tonnes, respectively. Spot prices ruled steady at Sept 18 levels of Rs 12,800 (un-garbled) and Rs 13,400 (MG 1) a quintal
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