Pepper declines due to profit taking

Posted By: Religare
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Yesterday, the prices of pepper for the June contract fell by Rs 293, or 0.97% to Rs 29,936, with an open interest of 14,866 lots at the National Commodity and Derivatives Exchange (NCDEX) due to the profit booking by the traders tracking the decline in the demand in the spot markets.

The spice for the May contract also lost Rs 78, or 0.26% to Rs 30,249 per quintal, with a business volume of 6,265 lots at the NCDEX.

Read more about: pepper, ncdex, commodities
Story first published: Tuesday, May 17, 2011, 13:30 [IST]
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