Commodity Online MUMBAI: Pepper futures remained down on Thursday due to the profit booking with sluggishness that prevailed in the other spices. However, the fundamentals remained firm.
NCDEX July contract moved in the ranges of Rs 12460-12402 per 100 kg and the open interest in the contract added 0.22 percent to 4,618 lots from 4,608 lots as on last day, indicating short selling.
Pepper prices in the international market of Indian origin are being quoted at $2,750/tonne. Indonesia fresh crop arrivals have started and they are offering it at lower levels at $2,325 a tonne (f.o.b)..
Explore Commodity Online Mobile ServicesPepper imports in May showed a substantial increase into the nation. Imports of black pepper were 2,265 tonnes through the Kochi port alone against export of 1,750 tonnes.
