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Pepper sheds 0.55% in futures trade

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 12:40 AM IST

Pepper prices fell by Rs 195 to Rs 35,390 per quintal in futures trading today as speculators booked profits at existing higher levels, driven by a weak spot market trend.

At the National Commodity and Derivatives Exchange, pepper for delivery in October lost Rs 195, or 0.55%, to Rs 35,390 per quintal, with an open interest of 6,305 lots.

Similarly, the spice for delivery in November shed Rs 115, or 0.32%, to Rs 36,055 per quintal, with an open interest of 4,647 lots.

Market analysts said profit-bookings by speculators at existing higher levels amid a weak spot market trend on sluggish demand, mainly led to the fall in pepper futures prices.

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First Published: Oct 04 2011 | 2:05 PM IST

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