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Pepper rises 0.35% in futures trade on spot demand

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Press Trust of India New Delhi

Supported strong demand in the spot markets, pepper futures prices rose Rs 69, or 0.35 per cent, to Rs 19,623 per quintal today.

At the National Commodity and Derivatives Exchange platform, pepper for delivery in July contract traded Rs 69, or 0.35 per cent higher, at Rs 19,623 per quintal, with an open interest of 2,504 lots.

Likewise, the spice for delivery in August contract also gained Rs 47, or 0.24 per cent, to Rs 19,935 per quintal, with an open interest of 13,885 lots.

Analysts said pick up in demand at physical markets and rising prices in global markets, influenced the pepper prices at futures market here.

 

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First Published: Jul 15 2010 | 3:40 PM IST

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