Commodity Online
KOCHI: The pepper prices are hit by increased activities in the Futures market which resulted in a fall in rates.
And, several buy and sell calls led to high volatility, which helped push up the turnover.
Prices fell sharply from Rs 813 to Rs 1,354 a quintal in Futures. Total turnover during the week on NCDEX increased by 8,634 tonnes to 1,48,647 tonnes. On NMCE, the total turnover went up by 1,013 tonnes to 19,801 tonnes.
Total open interest during the week on NCDEX declined by 211 tonnes to 21,737 tonnes. November position fell by 1,270 tonnes to 3,441 tonnes, while December and January moved up by 457 tonnes and 439 tonnes respectively to 13,381 tonnes and 3,139 tonnes.
On NMCE, total open interest dropped by 335 tonnes to 2,098 tonnes. Spot prices in tandem with the Futures market trend fell by Rs 500 a quintal during the week to Rs 13,800 (un-garbled) and Rs 14,400 (MG 1).
