Kochi: The pepper futures market on Oct 6 bounced back and touched the upper circuit on good purchasing support from investors. October contract increased by Rs 386 to Rs 12,980 a quintal, but still below the spot price for MG 1 of Rs 13,500 a quintal. November and December contracts increased by Rs 413 and Rs 376 a quintal respectively to Rs 13,175 and Rs 13,400, both below the spot price. Total turnover on NCDEX fell by 942 tonnes to 7,581 tonnes. Total open interest fell by 218 tonnes to 17,817 tonnes.
Spot prices fell by Rs 100 a quintal on selling pressure to close at Rs 12,900 (un-garbled) and Rs 13,500 (MG 1) on Oct 7. Vietnam was offering Asta grade according to US brokers at $3,275 a tonne (c&f) while Ecuador at $3,100 a tonne (c&f). Indian parity on OCt 7 was $3,025 a tonne (c&f) Europe and $3,125 a tonne (c&f) US.
Spot prices fell by Rs 100 a quintal on selling pressure to close at Rs 12,900 (un-garbled) and Rs 13,500 (MG 1) on Oct 7. Vietnam was offering Asta grade according to US brokers at $3,275 a tonne (c&f) while Ecuador at $3,100 a tonne (c&f). Indian parity on OCt 7 was $3,025 a tonne (c&f) Europe and $3,125 a tonne (c&f) US.
No comments:
Post a Comment