Pepper Futures Strengthens Further On Wednesday (18-Jan-2012)
Pepper futures have strengthened on Wednesday, extending their gains after suffering sharp cuts in the last week. There was some global news that have supported the prices, it was reported that Exports from Indonesia posted significant decrease of 40% as compared to previous year. Exports stood at 29,000 tonnes as compared to 48,500 tonnes in the last year.
The contract for January delivery was trading at Rs 31,370.00, up by 0.58% or Rs 180.00 from its previous closing of Rs 31,190.00. The open interest of the contract stood at 2564 lots.
The contract for February delivery was trading at Rs 31,930.00, up by 0.44% or Rs 140.00 from its previous closing of Rs 31,790.00. The open interest of the contract stood at 3928 lots on NCDEX.
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