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Pepper extend gains on increased exports |
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New Delhi, (PTI) Pepper prices rose by Rs 96, or 0.47 per cent, to Rs 20,539 per quintal in futures market today, as speculators created fresh positions, supported by rise in its exports.
However, subdued spot demand at the physical markets capped gains.
At the National Commodity and Derivatives Exchange platform, pepper for September rose by Rs 96, or 0.47 per cent, to Rs 20,539 per quintal, with an open interest of 10,525 lots.
It ended up 1.02 per cent at Rs 20,443 per quintal in the previous session.
Similarly, the spice for delivery in October-month traded Rs 88, or 0.43 per cent, to Rs 20,730 per quintal, with an open interest of 5,235 lots.
Analysts said rise in pepper prices at futures trade was mostly attributed to rise in its exports but subdued spot demand restricted gains.
Meanwhile, India''s pepper exports in April-July 2010 rose 2 per cent to 6,750 tonnes from the same period a year ago.
PTI SUN RS DP
Source : news.in.msn.com
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