PEPPER FUTURES FIRM UP ON HOPES OF RISE IN DEMAND
DATE: 17/04/2012
Pepper futures firmed up albeit weakness of the commodity in the spot markets. However, pepper commodity futures soared as speculators enlarged their position on expectation of rising trading activity in the domestic markets followed with the pick-up in demand of Pepper at lower levels. Expectations of lower production and rising export demand from China also seem to have lent some support to the price of the commodity to some extent.
The contract for April delivery was trading at Rs 37,600.00, up by 1.90% or Rs 700.00 from its previous closing of Rs 36,900.00. The open interest of the contract stood at 1131 lots.
The contract for May delivery was trading at Rs 38,650.00, up by1.80% or Rs 685.00 from its previous closing of Rs 37,965.00. The open interest of the contract stood at 4862 lots on NCDEX.
POWERED BY: COMMODITY INSIGHTS
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