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Pepper futures fall in volatile trade

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Pepper futures fall in volatile trade
Description  :  Industry
Date  :  Aug-19-2010

The pepper futures closed the high volatile session below the previous closing. Strong volatility was witnessed during the session with August contract on NCDEX surged to as high as Rs 20,585 and then dipped to as low as Rs 19,850 a quintal. Similarly, the September rose to Rs 20,720 and dropped to Rs 20,034 a quintal.

The September and October dropped Rs 125 and Rs 161 respectively to Rs 20,230 and Rs 20,430 a quintal. The total turnover surged by 6,478 tonnes to 27,674 tonnes. The total open interest fell by 241 tonnes to 17,576 tonnes.

Moreover, the August open interest dipped by 608 tonnes to 2,278 tonnes. While, the September and October surged by 263 tonnes and 62 tonnes respectively to 12,417 tonnes and 1,924 tonnes.

There was no change in the spot prices and it stood at previous levels of Rs 19,400 (ungarbled) and Rs19,900 (MG 1) a quintal.

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