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Feb 6 2007 10:33AM
NCDEX black pepper moves mix
Mumbai, Feb 06 - Black pepper futures on NCDEX trended mix amid minor fluctuations in early hour trade Tuesday onuncertainty over export subsidy, thathave continued to remain highlight of recent trades. Pepper Februaryopened at Rs. 12,510 a quintal and moved in range of Rs. 12,432-12,510 a quintal before edging lowerby Rs. two atRs. 12,485 a quintal.In contrast, March and April position were seen recovering from the overnight loses. March improved Rs. 37 to quote at RS. 12,780 per quintal, while April exhibited moves in range of Rs. 12,950-13,048 per quintal before gainingRs. 38 at Rs. 13,040 per quintal. Traded volume for March got noticed at980 tonnes and open interests were at12,810 tonnes.Physical market, however, traded pepper on steady quotes. Pepper un-garbled gottraded atRs. 11,600-11,700 a quintal and MG-1 variety was offered atRs. 12,200-12,300 a quintal at benchmark market Kochi. Apart from the pending decision over export subsidy,thearrivaltoohas continued to be matter of concern. The local market has not received any fresh arrival for over amonth now.
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