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17-May2013

Pepper futures trade down on increased supply

Pepper futures trade down on NCDEX due to increase in arrivals in major spot markets. Amid talks, that the Forward Markets Commission may not to allow NCDEX to launch new pepper contracts until the outcome of a court case on market manipulation by some brokers impacted the sentiment.

The contract for June delivery was trading at Rs 35600.00, down by 0.25% or Rs 90.00 from its previous closing of Rs 35690.00. The open interest of the contract stood at 127.00 lots.


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