A Reuters poll last month forecasted a crop shortfall of up to 15 percent which is expected to support prices, analysts said. At 10.20 a.m., benchmark May contract NJEK9 was up 0.22 percent at 12,424 
rupees per 100kg.
PEPPER:
India pepper futures opened weak as traders pocketed gains in the early session after prices have risen more than 3 percent since the beginning of the week, analysts said.
At 10.26 a.m., benchmark April pepper NPEH9 was down 0.22 percent at 11,685 rupees per 100 kg. The downside during the day is, however, expected to be limited due to robust domestic demand and expectations of a revival in overseas demand, analysts said. Prices are also expected to be underpinned as demand is seen shifting to India as farmers in Vietnam, the largest producer, hold back stocks on hopes of better prices, analysts said.
Source : in.reuters.com/article/domesticNews/idINBOM38706920090403
rupees per 100kg.PEPPER:
India pepper futures opened weak as traders pocketed gains in the early session after prices have risen more than 3 percent since the beginning of the week, analysts said.
At 10.26 a.m., benchmark April pepper NPEH9 was down 0.22 percent at 11,685 rupees per 100 kg. The downside during the day is, however, expected to be limited due to robust domestic demand and expectations of a revival in overseas demand, analysts said. Prices are also expected to be underpinned as demand is seen shifting to India as farmers in Vietnam, the largest producer, hold back stocks on hopes of better prices, analysts said.
Source : in.reuters.com/article/domesticNews/idINBOM38706920090403
No comments:
Post a Comment