Black pepper futures on a sticky wicket.

From: Economic Times (New Delhi, India) | Date: September 26, 2005 | Copyright information

Byline: Ratna Ganguli

Sep. 26--KOLKATA, India -- The prime variety of Indian black pepper, Malabar Grade-1, is now offered at a discount of Rs 300 per quintal in futures market over its prevailing spot prices in mandis. Right now, it is quoting at Rs 6,400 per quintal for spot buying from mandis in Kerala and Karnataka. Compared to this, its futures prices in commodity exchanges are moving between Rs 6,100 and Rs 6,050 per quintal for delivery by mid-October.

Sources said futures prices of the Malabar Grade-1 black pepper are now under pressure as some 8,353 tonnes of ...

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