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21-Apr2011

Pepper Futures Extend Gains On NCDEX

Pepper futures have extended their gains on Wednesday with a good start; the supply remained tight in the spot markets on the same time supplies have been poor because of almost stagnant production in the last two-three years, helping the prices move higher.

The contract for May delivery was trading at Rs 26,770.00, up by 1.36% or Rs 360.00 from its previous closing of Rs 26,410.00. The open interest of the contract stood at 10939 lots.

The contract for June delivery was trading at Rs 27,220.00, up by 1.25% or Rs 335.00 from its previous closing of Rs 26,885.00. The open interest of the contract stood at 2304 lots on NCDEX.

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