Pepper Futures Plunge On NCDEX (10-Jan-2012)
Pepper futures have plunged, extending their southbound journey, the spot price too declined considerably. There was some speculative trading in the markets to create fear among the traders carrying long positions and that has impacted all the contracts of the commodity.
The contract for January delivery was trading at Rs 30,280.00, down by 2.79% or Rs 870.00 from its previous closing of Rs 31,150.00. The open interest of the contract stood at 5848 lots.
The contract for February delivery was trading at Rs 30,720.00, down by 2.55% or Rs 805.00 from its previous closing of Rs 31,525.00. The open interest of the contract stood at 1877 lots on NCDEX.
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