The Black Pepper futures extended their morning losses in afternoon trading on the account of waning export demand coupled with long liquidation in futures market. Pepper futures have been plummeted by more than Rs 200 per quintal in today's trading.At international level, reeling concerns over liquidity issues have kept the chunk of international buyer silent. However, Strong demand by grinding industry and other dealers against.
Non-availability of black pepper has kept the domestic demand at elevated levels.The benchmark December contract has been plunged by Rs 280 per quintal, quoted at Rs 10920 per quintal in today's trading after hitting the low of Rs 10870 per 100 kg and the open interest has pared 0.040%, indicating fresh selling in futures market. The volumes traded as of now stood at 1981 lots.
No comments:
Post a Comment