Pepper futures move up
March 31st, 2009
Pepper futures continued to move up on Monday on no selling pressure and tight availability position. April contract moved up by Rs 77 to close at Rs 11,340 a quintal on NCDEX. May and June went up by Rs 103 and Rs 78 respectively to close at Rs 11,515 and Rs 11,625 a quintal.
There was no buying interest in view of the financial year ending. Total volume increased by 871 tonnes to 2,000 tonnes. Total open interest declined by 105 tonnes to 5,694 tonnes.
April open interest dropped by 199 tonnes to 3,403 tonnes while that of May and June moved up by 79 tonnes and 13 tonnes respectively to 1,973 tonnes and 257 tonnes on NCDEX.