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18-May2013

Pepper futures trade down on selling pressure

Pepper futures trade down on NCDEX due to selling pressure and increase in arrivals in major spot markets. Further, high moisture content caused by summer rains in the growing areas of Kerala also influenced the pepper prices.

The contract for May delivery was trading at Rs 35010.00, down by 1.19% or Rs 420.00 from its previous closing of Rs 35430.00. The open interest of the contract stood at 72 lots.


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