Kochi: Declining trend remained in the pepper futures market on Sept 11. Prices remained competitive at lower levels and yet there were no purchasers because of high volatility in the market and consequent uncertainty in the prices. In the international market, Vietnam prices eased for FAQ 500 GL to $3,100 a tonne (fob). Brazil was offering B Asta at $3,450 a tonne (f.o.b) and B1 at $3,375 a tonne (f.o.b). Lampong Asta was at about $3,575a tonne (c&f) New York.
September contract on NCDEX on Sept 11, declined by Rs 94 a quintal to Rs 12,140. On NMCE, September contract increased by Rs 15 a quintal to Rs 11,905, while January contract increased by Rs 110 a quintal. All other contracts fell by Rs 28 to Rs 263 a quintal. The total turnover on NCDEX went up by 2,208 tonnes to 20,718 tonnes, while that for September dropped by 8 per cent. Total open interest on NCDEX declined by 829 tonnes to 22,868 tonnes. On NMCE, open interest moved up by 40 tonnes to 2,339 tonnes. Spot prices in tandem with the futures market trend fell by Rs 100 a quintal on Sept 11, to close at Rs 11,900 (un-garbled) and Rs 12,500 (MG 1).
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