Pepper Future Mkt Sees Upward Trend - Sep 24, 2008

Kochi: Pepper futures continued their upward trend on tight supply in the domestic as well as in international market. Vietnam and Brazil were reportedly firmer and had increased their prices by $50 to $100 tonne. Indonesia is reported to be quietly selling to end users in the US at $3,500-3,525 a tonne (c&f). The US is said to have covered up to September and fresh demand has to emanate from October onwards. The supply position in Vietnam is also getting tighter with the stocks depleting. Similar situation is in India also. Spot rates continued to rule above the futures market prices. Indian parity on Sept 23 was at $3,200 a tonne (c&f) in to Europe and $3,300 a tonne (c&f) US. Rupee weakened against dollar and that has nullified the increase in price. October contract on NCDEX increased by Rs 216 a quintal to Rs 13,344 on Sept 23. The increase in other contracts was from Rs 198 to Rs 382 a quintal. On NMCE, October contract went up by Rs 240 a quintal to Rs 13,330. Total turn over on NCDEX fell by 169 tonnes to 10,789 tonnes

Pepper Future Sees Volatile Trade, Declin - Sep 18, 2008

Kochi: The pepper futures market saw high volatility on Sept 17 and looking for some direction. All the contracts ended marginally down. September contract fell by Rs 41 a quintal to Rs 12,310 on NCDEX.October and November fell by Rs 57 and Rs 69 a quintal to Rs 12,524 and Rs 12,765 respectively. Total volume fell by 5,863 tonnes to 6,696 tonnes. Total open interest fell by 12 tonnes to 18,735 tonnes.

Spot prices ruled firm at previous levels of Rs 12,600 (un-garbled) and Rs 13,200 (MG 1) a quintal on Sept 17. Prices quoted for different origins were Vietnam 500 GL $2,525 a tonne(fob) and 550 GL at $2,675 a tonne (fob) while V Asta was being offered at $3,025 a tonne (c&f) New York. MG 1 Asta was quoted at$3,025-3,075 a tonne (c&f) NY. Brazil was offering cheap at $2,500 a tonne (fob) for B Asta while B2 and B1 were quoted at $2,200-2,300 and $2,300-2,400 a tonne (fob).Vietnam white pepper (double washed) was quoted at $3,990 at tonne (fob)

Pepper Future Sees Mixed Trend - Sep 13, 2008

Kochi: Pepper futures market on Sept 12 saw a mixed trend with nearby positions falling and distant positions showing an upward trend. The total turnover fell sharply. Domestic players are keeping away from the falling market, while most of the exporters are not covering due to fear of the quality of the material. On NCDEX, September contract fell by Rs 31 a quintal to Rs 12,532. October and November fell by Rs 36 and Rs 16 to Rs 12,781 and Rs 13,010 a quintal respectively.

Among the other contracts, December fell by Rs 16, while January and February increased by Rs 138 and Rs 70 a quintal respectively. Total turnover on NCDEX declined by 4,356 tonnes to 6,998 tonnes while on NMCE it fell by 401 tonnes to 342 tonnes. Total open interest on NCDEX increased by 290 tonnes to 19,418 tonnes. September open interest declined by 264 tonnes to 4,625 tonnes while that of October and November increased by 496 tonnes and 42 tonnes respectively