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16-May2013

Pepper likely to extend negative trend on NCDEX

Pepper is likely to extend negative trend on rising new crop supply from major pepper producing areas. Also, quality issues in warehouse stocks are also putting pressure on the market sentiments.

The contract for May delivery was trading at Rs 35990.00, down by 0.10% or Rs 35.00 from its previous closing of Rs 36025.00. The open interest of the contract stood at 167.00 lots.


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