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Pepper up 1.24% on thin supply

Expectations of higher production capped the gains

Press Trust of India Mumbai
Pepper futures for February moved up by Rs 480, or 1.24%, to Rs 39,200 per quintal in 651 lots.

At the National Commodity and Derivatives Exchange (NCDEX), the March traded higher by Rs 235, or 0.65%, to Rs 36,400 per quintal in 2,100 lots.

Prices rose as speculators created fresh positions, driven by a firm trend at spot market on pick-up in demand against thin supplies.

However, expectations of higher production this year and sluggish exports restricted the gains. 

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First Published: Feb 12 2013 | 2:26 PM IST

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