The Black pepper futures settled with nominal loss today. The NCDEX Black Pepper futures benchmark December contract traded in the ranges of Rs 11360-Rs10891 per 100 kg. The contract ended the day with loss of Rs 9 at Rs 11173 per 100 kg. The open interest dropped 2.28% to 6,556 lots from 6709 lots as on last day. The volume traded in the contract dropped to 4,080 lots from 4,468 lots as on last day.
The Black Pepper stocks in the NCDEX accredited warehouse as on 03-11-08 stood at 2803 MT (2988 MT)and 10 MT(20 MT)of dematted and quantity in the process respectively.The Black Pepper tumbled further today in the local cash market. The Malabar Garbled Grade-1 Pepper slumped nearly Rs 100 to Rs 11489.25 per 100 kg.
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