Pepper May futures prices resumed down trend on fresh selling on higher levels during Wednesday’s trading session.
Futures started the day on firmer note extending previous recovery. However, later on prices reversed the trend on and traded down amid heavy speculative activities and ended the day on lower note.
NCDEX Turmeric Ends Higher On Rising Domestic Demand
Turmeric May futures prices extended the recovery on 3rd consecutive day during Wednesday’s trading session. Futures prices started the day on slightly positive note and remained positive for entire day.
Though prices witness some corrections but overall trend remained positive. Prices at spot front also improved amid rise in demand and futures prices ended the day on positive note.
NCDEX Jeera Weighs Down On Arrival Pressure
Jeera May futures prices resumed down trend during Wednesday’s trading session after taking small recovery.
Further rise in arrivals at spot market of Unjha. Therefore, on cues from spot activity jeera futures prices resumed down trend and ended on negative note.
NCDEX Chilli Weakens On Selling Pressure
Chilli June futures prices resumed downtrend on Wednesday after witnessing smart recovery in previous 2-3 sessions.
From opening of the session futures started trading up on fresh buying at lower levels. However, later on prices turned bearish on selling on higher levels and futures ended the day on negative note.
MCX Cardamom Declines On Profit Booking
Cardamom May prices shaded all the gains on higher level selling during Wednesday’s trading session. From opening of the session futures started trading up. However, later on pries resumed down trend.
Impact of falling prices is also witnessed at spot auction prices and futures prices ended the day on lower note.
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NCDEX Pepper Settles Lower On Fresh Selling: April 19, 2012
Published 04/19/2012, 05:01 AM
Updated 05/14/2017, 06:45 AM
NCDEX Pepper Settles Lower On Fresh Selling: April 19, 2012
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