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Journalism of Courage
Pepper prices declined by 0.13 per cent to Rs 43,765 per quintal in futures trading today on emergence of profit-booking by speculators amid weak exporters demand.
However,reports of thin supplies into the spot markets limited the fall.
At the National Commodity and Derivatives Exchange,pepper for delivery in November fell by Rs 55,or 0.13 per cent,to Rs 43,765 per quintal,with an open interest of 4,042 lots.
Similarly,the spice for delivery in October shed Rs 5,or 0.01 per cent,to Rs 43,900 per quintal in 1,845 lots.
Marketmen said profit-booking by speculators after recent gains and weak export demand mainly led to a decline in pepper prices at futures trade.
