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Tuesday, September 16, 2008
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Commodity Commentary
Sep 6 2008 10:04AM
Bears pull down pepper futures
In Kochi, on September 5, Bear operators pushed down the pepper futures market on Friday. September contract on NCDEX fell by Rs 356 a quintal to Rs 13,585, which is Rs 415 below the spot price for MG 1 of Rs 14,000 a quintal. Even October contract fell below the spot price by Rs 336 a quintal to Rs 13,880. November contact dropped by Rs 314 to Rs 14,130. The fall in December to February contracts was from Rs 296 to Rs 349 a quintal.

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