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30-Apr2013

Pepper futures continue uptrend on buying support

Pepper futures continue to trade up on NCDEX on buying support from exporters and domestic buyers. Due to reports of release of around 6,800 tonnes of pepper locked in the warehouses since last year-end some selling pressure was seen which impacted the pepper price and resisted the rise. Further, April contract matured on April 19 with one tonne of pepper marked for delivery while 32 tonnes were cleared off.

The contract for May delivery was trading at Rs 35,590.00, up by 0.58% or Rs 205.00 from its previous closing of Rs 35,385.00. The open interest of the contract stood at 906 lots on NCDEX.


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