Date : 06.03.2012
Pepper hits new high of R 395 per kg (Mar 06)
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On Monday (05 March
2012), the pepper market shot up with both futures and spot prices scaling
new heights on good demand amid limited supply. As a result, spot prices hit
the highest-ever price in its history of R 395 per kg for garbled and R 380
per kg for ungarbled. The March contract on the NCDEX shot up by R 1,550 a
quintal to close at R 40,200, while April and May increased by R 1,565 and R
1,565, respectively, to close at R 40,645 and R 40,645 per quintal.
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