Pepper futures traded down on NCDEX as rumors on likely release of pepper stock which is locked up in the warehouses on adulteration issue in Kerala may affect market sentiments. However, ongoing dry weather conditions in Kerala may limit downward movement in pepper.
The contract for April delivery was trading at Rs 35,750.00, down by 0.32% or Rs 115.00 from its previous closing of Rs 35,865.00. The open interest of the contract stood at 479 lots.
The contract for May delivery was trading at Rs 35,460.00, down by 0.73% or Rs 260.00 from its previous closing of Rs 35,720.00. The open interest of the contract stood at 1431 lots on NCDEX.