Pepper Future Sees Upward Trend

Kochi: Pepper futures improved at close after falling in the morning on liquidation by some of the players. Some brokers liquidated and switched over to November. There have been no arrivals at the terminal market for the past two months. Turnover volume in the exchanges cannot be taken as the stocks available in the country. The net open position indicates of switching over to distance positions. In the international market prices at all the origins remained steady at previous levels. September contract on NCDEX fell by Rs 60 a quintal on Sept 20 to Rs 12,000. All other contracts moved up by Rs 30 to Rs 136 a quintal. Total turnover on NCDEX increased by 1,216 tonnes to 17,889 tonnes. September turnover increased by 8 per cent, while October dropped by 58 per cent. On NMCE total turnover dropped by 425 tonnes to 1,131 tonnes, while October turnover fell by 454 tonnes. September and October positions dropped by 8 per cent and 43 per cent respectively, while November increased by 31 per cent.