Pepper Futures Extend Gains On Improved Buying (19-Jan-2012)
Pepper futures have continued their upmove on Thursday supported by good buying interest and export demand; however, absence of strong fundamentals prevented major movement in the commodity rates. Traders are expecting some decline in prices with arrivals increasing in the mandis.
The contract for January delivery was trading at Rs 31,400.00, up by 0.56% or Rs 175.00 from its previous closing of Rs 31,225.00. The open interest of the contract stood at 2107 lots.
The contract for February delivery was trading at Rs 31,950.00, up by 0.38% or Rs 120.00 from its previous closing of Rs 31,830.00. The open interest of the contract stood at 4253 lots on NCDEX.
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