The Hindu Business Line : Pepper futures stays steady

Kochi, Sept. 2 The pepper futures market on Wednesday was steady with the first two contracts closing marginally down on limited activities.The spot market here remained closed on account of the Onam festival.

Domestic enquiries were floating but they had not been attended to because of the holidays. Besides, underlying interests from European and the US markets were also seen, market sources told Business Line.

Indian parity remained at $3,200 a tonne (c&f) and remained competitive, they said.

September contract declined by Rs 57 on the NCDEX to close at Rs 14,792 a quintal, October contract dropped by Rs 23 while that of November moved up by Rs 24 a quintal to close at Rs 15,079 and Rs 15,322respectively.

Total turnover moved up by 459 tonnes to close at 6,199 tonnes. Total open interest dropped by 186 tonnes to 10,443 tonnes. September open interest fell by 341 tonnes while that of October increased by 157 tonnes and November by three tonnes.

According to an overseas report, the price indications were: Brazil Asta $2,875 a tonne (f.o.b.) Belem; B1 at $2,800 and B2 at $2,675 a tonne, both f.o.b. Belem.

More Stories on : Spices & Condiments | Kerala | Commodity Markets

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Bay `low' deferred by a day but rain forecast stays

Changing storage pattern

Cash-flow problems for seafood exporters

Weather cover for mirchi farmers

Rubber futures turn weak

Coonoor tea auction volume rises

Coconut production declining in Kerala

AP urged to focus on coconut by-products, exports

Pepper futures stays steady

Agri imports may be a costly affair

Indian demand unlikely to fuel global sugar prices