Kochi: Pepper futures market increased on Sept 18 and crossed the first circuit on purchasing support. September contract on NCDEX increased by Rs 385 a quintal to Rs 12,700 on Sept 18 which is Rs 100 below the spot price for spot un-garbled pepper. October and November contracts increased by Rs 289 and Rs 298 to closed at Rs 12,821 and Rs 13,070 a quintal respectively. The increase in other contracts was from Rs 280 to Rs 330 a quintal. Total turnover on NCDEX increased by 1,953 tonnes to 8,649 tonnes.
Total open interest fell by 529 to 18,206. The September contract is to mature on Friday as the last day Sept 20 being Saturday. An estimated 1,200 tonnes of pepper is likely to be delivered. Indian parity increased to $3,025-3,050 a tonne (c&f) Europe and $3,125-3,150 a tonne (c&f) US. According to a latest overseas report, Vietnam pepper is increased and FAQ 500 was sold at $2,550 a tonne (f.o.b.), as there was a tight supply
Total open interest fell by 529 to 18,206. The September contract is to mature on Friday as the last day Sept 20 being Saturday. An estimated 1,200 tonnes of pepper is likely to be delivered. Indian parity increased to $3,025-3,050 a tonne (c&f) Europe and $3,125-3,150 a tonne (c&f) US. According to a latest overseas report, Vietnam pepper is increased and FAQ 500 was sold at $2,550 a tonne (f.o.b.), as there was a tight supply
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