Tuesday, 10 April 2012

Commodity NCDEX pepper tips for today

NCDEX Pepper futures tips, Intraday Commodity tips, MCX Commodity tips, MCX NCDEX tips, NCDEX tips for today

NCDEX Pepper futures tips
Pepper futures remained higher Tuesday as traders produced new positions on the back of rising stain demand.

In NCDEX pepper May contract in the afternoon session traded at Rs.39820 per quintal and open interest of the contract so far is 3333 lots. Volume traded for the time being is 1105 lots.

According to Vietnam Ministry of Agriculture and Rural Development (MARD) exports of black Pepper in 2012 are forecasted to drop by 30 percent to around 86,000 tonnes. While exports during January 01, 2012 to February 15, 2012 stood at 6,736 tonnes up 16.3 percent as compared to equivalent stage last year.

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