Black pepper prices experienced heavy volatility on the domestic segment of the international pepper exchange here during the week ended August 21. Dealers said prices are likely to firm up in the coming week on the back of good inquiries from abroad.Trade sources said that the major reason behind the volatile price scene was the arrival of fresh stock into the market. "However, offtake was far less compared to the arrivals", the source added.
Meanwhile, the Forward Markets Commission had given its nod for trading in December futures. December futures which opened on Wednesday however closed week at lower level. However, the FMC did not give permission for the commencement of trading in November futures. IPSTA sources said the regulator has raised certain objection against starting the November contract.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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