Black pepper futures on NCDEX ended the session with loss on sluggish spot market demand. Higher prices of Indian pepper in the international markets are making Indian parity out priced in the global markets. Black Pepper MG-1 at Kochi quoted steady at Rs 20600 per 100 kg and arrivals and offtakes were 200 quintals.
Benchmark August pepper contract on NCDEX moved in the range of Rs 21125-Rs 20580 per 100 kg. The contract ended the session lower by Rs 127 or 0.61 percent at Rs 20720 per 100 kg. The open interest in the contract slumped 0.55 percent to 11,090 tonnes, indicating profit taking and volume traded dipped to 10,420 tonnes from 23,539 tonnes.
As per the reports MG I quoted at $ 4600 PMT FOB Cochin. Brazil ASTA quoted at $4300 PMT at Belem. B1 560 G/L CLEAN AUG/SEP $4200/FOB Belem and B2 500 G/L CLEAN september shipment quoted at $4050/FOB BELEM at Belem.