 "Pepper gains 0.8% as demand picks up")
In restricted activity, pepper gained 0.82 per cent to Rs 36,350 per quintal in futures trading today as speculators created fresh positions driven by restricted supplies from Kerala amid depleting stocks.
At the National Commodity and Derivatives Exchange, pepper for delivery in May spurted by Rs 295, or 0.82 per cent, to Rs 36,350 per quintal with an open interest of 428 lots.
Analysts said fresh positions created by speculators triggered by lower-than-expected supplies from Kerala, mainly influenced pepper futures here but estimates of higher output, limited the gains.
Meanwhile, NCDEX postponed the launch of the June 2013 expiry contract.
At the National Commodity and Derivatives Exchange, pepper for delivery in May spurted by Rs 295, or 0.82 per cent, to Rs 36,350 per quintal with an open interest of 428 lots.
Analysts said fresh positions created by speculators triggered by lower-than-expected supplies from Kerala, mainly influenced pepper futures here but estimates of higher output, limited the gains.
More From This Section
They said absence of any far-month contracts, however, has hit volumes across pepper futures.
Meanwhile, NCDEX postponed the launch of the June 2013 expiry contract.