Pepper Futures Mkt Sees High Volatility

Kochi: The pepper futures market saw high volatility on Sept 7, and fell at the day's closing despite the international remaining steady to firm. The frequent sharp decline and steep increase has kept the purchasers away due to lack of confidence in the market. The demand is slowly improving and once it gained momentum the supply position would become more squeezed. International pepper market was steady to firm but with some reported nervousness. Vietnam was inactive. However, offers were being made at $3,150 -3,240 a tonnes (f.o.b.) for 500 GL. Lampong Asta was quoted at $3,650-3,675 a tonnes (f.o.b.). September Contract on NCDEX fell by Rs 176 on Sept 7, to Rs 12,695 a quintal. The fall in other contracts was from Rs 204 to Rs 226 a quintal. On NMCE, September contract fell by Rs 180 a quintal to Rs 12,600. The decline in other contracts was from Rs 170 to Rs 317 a quintal. Spot prices ruled firm at the previous levels of Rs 12,300 (un-garbled) and Rs 12,900 (MG 1) a quintal on Sept 7