Business Standard

Monday, December 23, 2024 | 07:06 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Pepper gains more than 1% on rising spot demand

Estimates of higher output, weak exports capped the gains

Press Trust of India New Delhi
Pepper futures for March gained Rs 470, or 1.32%, to Rs 36,200 per quintal in 995 lots.

At the National Commodity and Derivatives Exchange (MCX), the April contract moved up by Rs 360, or 1.05%, to Rs 34,590 per quintal in 1,671 lots.

Prices gained as speculators enlarged their positions, triggered by rising spot market demand.

However, estimates of a higher output this year and weak exports capped the gains.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 11 2013 | 3:43 PM IST

Explore News