Pepper futures down 0.78 pc on higher output hopes
Agencies: New Delhi, Nov 01 2012, 17:13 IST
Pepper prices fell by Rs 330 to Rs 42,100 per quintal in futures market today after participants reduced exposure amid prospects of higher crop this year.
However, thin supplies and depleting stocks restricted the fall.
At the National Commodity and Derivatives Exchange, pepper for delivery in December fell by Rs 330, or 0.78 per cent, to Rs 42,100 per quintal, with an open interest of 2,971lots.
Similarly, the spice for delivery in November declined byRs 320, or 0.74 per cent, to Rs 42,650 per quintal, with anopen interest of 5,343 lots.
Marketmen attributed the fall in pepper futures to hopes of higher crop this year.
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