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06-May2013

Pepper futures trade positive on NCDEX

Pepper futures' prices traded higher on NCDEX as speculators created fresh positions, driven by strong domestic and overseas demand against tight supplies. However, expectations of higher output this season limited the rise. Further, April contract matured on April 19 with one tonne of pepper marked for delivery while 32 tonnes were cleared off.

The contract for May delivery was trading at Rs 36,300.00, up by 1.40% or Rs 500.00 from its previous closing of Rs 35,800.00. The open interest of the contract stood at 529 lots on NCDEX.


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