Pepper slips on global cues

By Staff
|
Google Oneindia News

New Delhi, July 10 (UNI) Pepper futures lost Rs 312 in the highly traded July contracts.

July contract last traded price (LTP) is at Rs 13,644 today down by 2.24 per cent from Rs 13,956 yesterday at NMCE.

Pepper prices have been taking cues from Vietnam markets.

Vietnamese pepper has become cheaper in the past few days and the prices may ease further, according to market sources.

The prices are likely to drop with the arrival pressure exports, in spite of strong fundamentals.

Rubber futures closed in the green. Gains of Rs 130 were seen in various series traded. Near July, futures LTP is at Rs 7,629 gaining from the previous close of Rs 7,499, up 1.73 per cent.

Globally rubber futures were in the green at Shanghai Futures Exchange as well in the other exchanges like TOCOM, yesterday which had an effect on the domestic futures prices. Today rubber traded flat on TOCOM.

Out of 195 series of 71 commodities, futures contracts on 14 series got traded at NMCE. The total volume is 9,920 lots with a turnover of Rs 98.21 crore.

At NCDEX, 564 members (2,905) users participated in trading on July 10, 2007 up to 1700 hrs and volumes were Rs 2,171 crore (one-way). There were more than 72,356 trades put through by them.

Active trades were high in among other guar seeds, pepper, chana, jeera, soya oil and gold.

At MCX, Crude oil fell marginally by 0.10 per cent to have an LTP of Rs 2,902 from yesterday's closing of Rs 2,905. Natural Gas went up to register an LTP of Rs 263.50 up 1.11 per cent from yesterday's closing of Rs 260.

At MCX all the indices traded in green with MCXAGRI at 1731.45 up 0.40 per cent while MCXENERGY 2217.28 up 0.12 per cent.

MCXMETAL traded at 2482.96 up 0.54 per cent while MCXCOMDEX (Futures) traded at 2140.76 up 0.25 per cent.

UNI

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