Due to the strong domestic and export demand Pepper Futures strengthened on Friday. This year world Pepper output will fall by 6,500 tones as compare to previous year by the report of International Pepper Community. The reasons of decline Pepper output due to unfavourable weather conditions and pests. That's why the price of Pepper high in domestic front.
If we talk about the other Agri Commodity Guar Seed Futures have extended their gains due to the still rising in export demand and the weather conditions in Rajasthan. Other reasons of Guar Seed prices high due to rise in export demand from US and EU.
The contract of Pepper for August delivery was trading at Rs 28,740.00, up by 0.62% or Rs 176.00 from its previous closing of Rs 28,564.00. The open interest of the contract stood at 9053 lots and The contract of Pepper for September delivery was trading at Rs 29,279.00, up by 0.62% or Rs 179.00 from its previous closing of Rs 29,100.00. The open interest of the contract stood at 1905 lots on NCDEX.
The contract of Guar Seed for August delivery was trading at Rs 4425.00, up by 2.05% or Rs 86.00 from its previous closing of Rs 4336.00. The open interest of the contract stood at 195670 lots and The contract of Guar Seed for September delivery was trading at Rs 4496.00, up by 2.27% or Rs 100.00 from its previous closing of Rs 4396.00. The open interest of the contract stood at 66200 lots on NCDEX.
The contract of Pepper for August delivery was trading at Rs 28,740.00, up by 0.62% or Rs 176.00 from its previous closing of Rs 28,564.00. The open interest of the contract stood at 9053 lots and The contract of Pepper for September delivery was trading at Rs 29,279.00, up by 0.62% or Rs 179.00 from its previous closing of Rs 29,100.00. The open interest of the contract stood at 1905 lots on NCDEX.
The contract of Guar Seed for August delivery was trading at Rs 4425.00, up by 2.05% or Rs 86.00 from its previous closing of Rs 4336.00. The open interest of the contract stood at 195670 lots and The contract of Guar Seed for September delivery was trading at Rs 4496.00, up by 2.27% or Rs 100.00 from its previous closing of Rs 4396.00. The open interest of the contract stood at 66200 lots on NCDEX.
