Kochi: Pepper futures market fell on Oct 21 following the withdrawal of the additional margin on sellers and for want of follow up support from overseas markets. The regulator has withdrawn on Oct 21 the four per cent additional margin imposed on sellers recently taking into the consideration the unhealthy scenario prevailing in the futures markets. Investors were liquidating their stocks both farm grade and validity expired materials and buying back futures. November contract declined by Rs 166 to Rs 12,655 a quintal.
December and January fell by Rs 190 and Rs 199 a quintal to Rs 12,782 and Rs 12,925a quintal respectively. Spot prices in tandem with the futures market trend slid by Rs100 a quintal on Oct 21 to close at Rs 12,600 (un-garbled) and Rs 13,200(MG 1).
December and January fell by Rs 190 and Rs 199 a quintal to Rs 12,782 and Rs 12,925a quintal respectively. Spot prices in tandem with the futures market trend slid by Rs100 a quintal on Oct 21 to close at Rs 12,600 (un-garbled) and Rs 13,200(MG 1).
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