Pepper Futures Trade Higher On Increased Demand (21-Feb-2012)
Pepper futures were trading higher on the back of some demand queries in the mandis, though the lack of strong export demand was keeping the sentiments cautious. Traders are expecting some corrections in the short term as higher production estimates are keeping pressure on the prices.
The contract for March delivery was trading at Rs 31,360.00, up by 1.06% or Rs 330.00 from its previous closing of Rs 31,030.00. The open interest of the contract stood at 4061 lots.
The contract for April delivery was trading at Rs 31,750.00, up by 1.20% or Rs 375.00 from its previous closing of Rs 31,375.00. The open interest of the contract stood at 1081 lots on NCDEX.
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