Monday, January 17, 2011
0
Pepper market confused over availability at origins
Bearish sentiments influenced the market last week on assumptions that a good quantity of the new Indian crop will arrive and the Vietnamese new crop will arrive in February-March 2011. The market remains confused about pepper availability as the real position is unknown.
Last week all contracts showed a marginal decline. The January, February and March contracts were down by Rs. 237, Rs. 96 and Rs. 27 respectively to Rs. 22,561, Rs. 22,991 and Rs.23,307 per quintal. Spot ungarbled and MG1 last week moved up by Rs. 100 and Rs. 300 from the previous weekend's closing to Rs. 21,500 and Rs. 22,300 per quintal.
This post was written by: HaMienHoang (admin)
Click on PayPal buttons below to donate money to HaMienHoang:
Follow HaMienHoang on Twitter
Subscribe to:
Post Comments (Atom)
0 Responses to “Pepper market confused over availability at origins”
Post a Comment