Kochi: Pepper futures market continued to fall on pessimistic activities and lack of demand. September contract fell by Rs 41 a quintal to Rs 13,920, much below the spot price of Rs 14,200 a quintal for MG 1. October and November fell by Rs 40 and Rs 42 a quintal to Rs 14,203 and Rs 14,442 respectively. Total volume on NCDEX increased by 175 tonnes to 3,089 tonnes, while total open interest also increased by 260 tonnes to 20,071 tonnes. Spot prices maintained at previous levels of Rs 13,600 and Rs 14,200 (MG 1) a quintal.
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