Pepper futures fall 0.35% on sluggish export demand

Pepper futures prices today fell by Rs 155 to Rs 43,725 per quintal.

Written by Agencies | New Delhi | Published: October 12, 2012 5:27 pm

Pepper futures prices today fell by Rs 155 to Rs 43,725 per quintal as speculators trimmed positions on the back of sluggish export demand at prevailing higher levels.

However,thin domestic supplies in the physical market restricted the loss.

At the National Commodity and Derivatives Exchange,pepper for delivery in November fell by Rs 155,or 0.35 per cent,to Rs 43,725 per quintal with an open interest of 4,250 lots.

Likewise,the spice for delivery in October lost Rs 50,or 0.11 per cent,to Rs 43,890 per quintal in 1,650 lots.

Marketmen attributed the decline in pepper futures to sluggish export demand at prevailing higher levels.

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