Pepper prices recovered marginally yesterday, Monday, March 4, while spot prices in Karnataka fell due to selling pressure.
All futures contracts increased on the closing. Due to the good liquidation, the seller who sold earlier conducted the acquisition.
Although revenue increased significantly, open interest dropped again. Some announcements were also suspected, commercial sources said.
Agents in Karnataka supply pepper at a spot price of Rs 355 per kg and the goods are delivered anywhere in the country through organized shipping and without any paperwork.
Pepper prices in Kerala were in a high range, dealers were holding back stocks after prices fell and at the same time they were not receiving lower-grade goods, trade sources told The Associated Press. Business Line.
As a result, 17 tonnes of new pepper were delivered yesterday and these 15 tonnes were traded mainly.
March contract on NCDEX increased Rs 195 to close at Rs 36,760 a quintal (US $ 6,742 / ton). April and May increased to Rs 325 and Rs 205, respectively, to close at Rs 35,375 / quintal and Rs 34,375 / quintal (equivalent to USD 6,484 / ton and 6,303 USD / ton). (1 USD = 54,5262 Rupees)
Total turnover increased by 1,513 tons to 2,535 tons.
Total open interest dropped by 145 tonnes to 3,117 tonnes.
Spot prices fell by Rs 400, due to reports of selling pressure in Karnataka, closing at Rs 36,000 / quintal (US $ 6,602 / ton) for pint and 37,500 Rs / quintal (US $ 6,877 / ton) for Select type MG1.
The Indian parity in the international market is around USD 7,100 per tonne (C&F) for prompt delivery and USD 7,050 per tonne for March and for April at USD 6,900 per tonne (C&F) and the weakening of the Rupee. against the dollar.
Source Business Line / Giacaphe.vn
Source link
