21 May 2012 02:03:13 AM
MCX-SX
MCX NCDEX Spot Futures
Commodity News
Pepper turns hot on short supply Back
22-Feb-12   09:35 Hrs IST
On Tuesday (21 February 2012), the pepper market turned hot on reports of firmer overseas markets consequent to the decline in crop in Vietnam and India. As a result, all active contracts moved up sharply. The March contract on the NCDEX shot up by Rs 925 to end at Rs 32,005 per quintal. The April and May contracts increased by Rs 910 and Rs 770, respectively, to close at Rs 32,375 and Rs 32,520 per quintal.

The spot prices, in tandem with the futures market trend, coupled with strong buying interest amid limited supply, shot up by Rs 800 per quintal to close at Rs 31,600 for ungarbled and Rs 33,100 for MG 1.

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