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04-May2011

Pepper Futures Decline On Profit Booking In Early Trade

Pepper futures are suffering decline in early trade on Wednesday, some profit booking appeared after the prices shoot up in last session on reports that Vietnam was not selling aggressively. Though, the traders are optimistic that prices will improve further on the back of strong domestic and export demand.

The contract for May delivery was trading at Rs 29,265.00, down by 0.32% or Rs 93.00 from its previous closing of Rs 29,358.00. The open interest of the contract stood at 8205 lots.

The contract for June delivery was trading at Rs 29,850.00, down by 0.45% or Rs 135.00 from its previous closing of Rs 29,985.00. The open interest of the contract stood at 8299 lots on NCDEX.

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