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Pepper down 0.47% on subdued export demand

Thin supplies restrict losses

Press Trust of India  |  New Delhi 

prices moved down by 0.47% to Rs 43,750 per quintal in futures trade today as speculators indulged in reducing their positions, triggered by a weak global demand.

However, thin supplies and dwindling stocks in the spot market restricted the losses.

At the National Commodity and Derivatives Exchange, for delivery in September traded Rs 205, or 0.47%, lower at Rs 43,750 per quintal, with an open interest of 1,836 lots.

August fell by Rs 165, or 0.38%, to Rs 44,055 per quintal, with an open interest of 4,860 lots.

Marketmen said off-loading of positions by speculators due to sluggish led to the fall in futures prices here. Thin supplies restricted the losses.

First Published: Wed, August 08 2012. 11:57 IST