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G.K. Nair

Kochi, Oct. 16

Pepper futures on Friday moved up marginally on speculative activities after remaining volatile during the day. There were no sellers on the exchange as the investors who were holding validity expired stocks were said to have completed their sales.

There were no sellers in primary markets either. The absence of selling pressure on the one hand and the speculative activities on the other pushed up the futures market marginally at the close. Domestic market continued to remain dull. Buying is now likely to start on October 23, market sources told Business Line.

Buyers and sellers in the primary markets and the upcountry markets are in a holiday mood, they said. October contract moved up by Rs 34 a quintal to close at Rs 13,777. November and December contracts increased by Rs 58 and Rs 81 respectively a quintal to close at Rs 13,978 and Rs 14,150 on the NCDEX . Total turnover fell by 2,733 tonnes to close at 5,235 tonnes

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