NCDEX Commodity Trading Tips>>Pepper Futures Suffer Profit Booking On Friday

NCDEX Tips

Pepper futures are suffering profit booking after surging in previous session, the export demand however remain low as high arrivals of the crop in Vietnam have been there. However, traders are of the view that a domestic and export demand will rise in coming weeks that could support the rates in medium term.

The contract for March delivery was trading at Rs 22625.00, down by 0.68% or Rs 155.00 from its previous closing of Rs 22780.00. The open interest of the contract stood at 2905.00 lots.

The contract for April delivery was trading at Rs 23275.00, down by 0.35% or Rs 82.00 from its previous closing of Rs 23357.00. The open interest of the contract stood at 9270 lots on NCDEX.