International Spice Commodities Update – Peppercorns

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Pepper prices rose by Rs 85 ($1.59, €1.23, £1.03), or 0.26%, to Rs 33,000  ($619.08, €478.61, £399.70) per quintal in futures trade today following a firm trend at spot markets.

At the National Commodity and Derivatives Exchange, February pepper rose by Rs 85 ($1.59, €1.23, £1.03), or 0.26 perent, to Rs 33,000 ($619.08, €478.61, £399.70) per quintal, with an open interest of 1,275 lots.

The January contract gained Rs 60 ($1.13, €0.87, £0.73), or 0.18%, to Rs 33,140  ($621.71, €480.64, £401.40) per quintal, with a trade volume of 6,698 lots.

Analysts said fresh buying by speculators following pick-up in demand in the spot market mainly pushed up pepper prices at futures trade.

Higher supplies from new season crop, however, capped the gains.

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