Pepper futures prices gain 0.72% on tight supply
Agencies: New Delhi, Oct 09 2012, 16:36 IST
Pepper prices gained 0.72 per cent to Rs 43,600 per quintal in futures market today on tight supplies against rising demand in the spot market.
However, hopes of increase in output on revived rains in producing regions and weak exports restricted the gains.
At the National Commodity and Derivatives Exchange, pepper for delivery in October gained Rs 310, or 0.72 per cent, to Rs 43,600 per quintal, with an open interest of 2,190 lots.
Likewise, the spice for delivery in November traded higher by a similar margin to Rs 43,595 per quintal in 3,819 lots.
Marketmen said tight supplies in the spot market against rising demand mainly pushed up pepper futures.
Previous Story Jennifer Lopez’s lesbian couple show irks 1 mn mothers Next Story Sensex snaps two-day fall, up 84 pts
Reader's Comments| Post a Comment
Be the first to comment.
