The Indian pepper market showed a mixed trend yesterday, Thursday 7/3, with contracts nearing a slight decline while other contracts inched up to finish above the previous day's close.
Activities are limited today. March contract witnessed high volatility with very thin sales. The majority of transactions were concentrated in April term with a volume of 71%.
Deliveries have begun to recover, being traded after prices have plummeted. The selling pressure continued in Karnataka state, but the low grade, weighing less than 500 Gr / l accounted for the bulk of the price at Rs 325 per kg delivered locally and Rs 330 per kg delivered anywhere in India. .
On the exchange, there was a small liquidation in March and May while a number of purchases were seen in April. Exporters are said to have hedged the exchange.
New arrival spot spot only 15 tons and was traded at Rs 345, Rs 350 and 355 Rs 355 / kg are all floating, Business Line said.
March contract on NCDEX dropped Rs 15 to Rs 36,025 a quintal (US $ 6,588 / ton). April and May contracts increased by Rs 125 and Rs 390, respectively, to close at Rs 34,635 per quintal and Rs 34,205 per quintal (equivalent to US $ 6,334 per ton and US $ 6,255 per tonne). (1 USD = 54.681 Rupees)
Total turnover fell by 302 tonnes to 1,402 tonnes. Total open interest dropped by 10 tonnes to 3,404 tonnes.
Spot prices of pepper were unchanged at Rs 35,100 / quintal (US $ 6,419 / ton) for ungarbled and Rs 36,600 / quintal (US $ 6,693 / ton) for MG 1 selected.
Source Business Line / Giacaphe.vn
Source link
