Pepper futures down over 1% on profit-booking
Agencies: New Delhi, Dec 11 2012, 14:02 IST
Amid profit-booking by speculators after recent gains, pepper prices fell by 1.01 per cent to Rs 33,750 per quintal in futures trading today.
Estimates of higher output this season and weak exports demand, capped the fall.
At the National Commodity and Derivatives Exchange, pepper for delivery in February fell by Rs 345, or 1.01 per cent, to Rs 33,750 per quintal with an open interest of 2,434 lots.
Similarly, the spice for delivery in the December contract lost Rs 135, or 0.35 per cent to Rs 38,700 per quintal in 2,405 lots.
Market analysts said profit-booking by speculators after recent gains and higher output estimates, mainly put pressure on the pepper prices at futures trade.
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