Pepper Futures Decline In Inactive Mkt

Kochi: The market remained by and large sluggish with no active selling or purchasing. Overseas purchasers continued to remain on watching and waiting mode. The continuous high volatility in the market seems to have resulted in most of the players loosing enthusiasm in the market. October contract on NCDEX on Sept 27, declined by Re 1 a quintal to Rs 11,999. The fall in other contracts was from Rs 17 to Rs 96 a quintal. On NMCE October contract dropped by Rs 16 a quintal to Rs 11,900. The total turnover on NCDEX dropped by 3,047 tonnes to 12,984 tonnes, while that for October and November was 22 per cent and 70 per cent respectively. On NMCE total turnover fell by 190 tonnes to 695 tonnes. Total open interest on NCDEX moved up by 165 tonnes to 19,846 tonnes. October position dropped by 39 per cent, while November and December positions moved up by 39 per cent and 13 per cent respectively.