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Indian-Commodity  :  Commodity-Market  :  Pepper  :  Pepper futures recover on concerns of weak rainfall

Pepper futures recover on concerns of weak rainfall (01-Aug-2012)

Pepper futures turned green on NCDEX after falling for two consecutive sessions on weak monsoon. Limited arrivals and aggressive demand in the domestic markets resulted in increase of price.

The contract for August delivery was trading at Rs 44,060.00, up by 2.72% or Rs 1165.00 from its previous closing of Rs 42,895.00. The open interest of the contract stood at 4039 lots.

The contract for September delivery was trading at Rs 43,800.00, up by 2.54% or Rs 1085.00 from its previous closing of Rs 42,715.00. The open interest of the contract stood at 2737 lots on NCDEX.

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