Business Daily from THE HINDU group of publications
Saturday, Sep 02, 2006
Business Daily from THE HINDU group of publications Saturday, Sep 02, 2006 |
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Agri-Biz & Commodities
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Spices & Condiments Pepper futures market moves up G. K. Nair
Kochi , Sept. 1 Buying support coupled with reports of tight supply position in the world market has pushed up the pepper futures market on Friday. All the futures contracts on the major exchanges showed a substantial rise. September contract on NCDEX on Friday moved up by Rs 215 to close at Rs 11,910 a quintal from Rs 11,695 on Thursday. On NMCE it went up by Rs 139 to close at Rs 11,461 a quintal from Rs 11,461. The increase in other positions on NCDEX was from Rs 184 to Rs 265 a quintal while on NMCE it was from Rs 50 to Rs 231 a quintal for all positions except for February, which declined by Rs 32 to close at Rs 12,600 from Rs 12,632 on Thursday.
Turnover up
The total turnover on NCDEX on Friday moved up by 1,445 tonnes to close at 37,974 tonnes from 36,529 tonnes, while on NMCE it dropped by 831 tonnes to 5,664 tonnes from 6,495 tonnes. The total open interest on NCDEX stood at 26,999 tonnes as against 25,872 tonnes, while on NMCE it was at 4,988 tonnes compared to 4,919 tonnes on Thursday. The outstanding position for September and October on NCDEX was 3,862 tonnes and 17,232 tonnes respectively. On NMCE, the October position stood at 3,712 tonnes. The spot prices ruled steady at Rs 10,500 (un-garbled) and Rs 10,900 (MG 1) on Friday.
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