Pepper futures set a new record of Rs 457.09 crore (Rs 4.57 billion) during intra-day trading at the National Multi-Commodity Exchange last week.
The turnover is up against the earlier record of Rs 340.44 crore (Rs 3.40 billion) at the exchange in a single day on February 1, 2007.
The daily turnover of pepper at NMCE usually ranges between Rs100 crore (Rs 1 billion) and Rs 200 crore (Rs 2 billion), but it had crossed the Rs 300 crore (Rs 3 billion) mark in early February and the Rs 400 crore (rs 4 billion) mark for four consecutive days through Monday to Thursday last week, peaking to Rs 457.09 crore on April 10.
Pepper, one of the most traded commodities on NMCE terminals, runs six series concurrently, each expiring on 15th day in respective calendar month. It also hit several upper and lower circuits in different series during the outgoing month, before the near April-2007 series finally settled at Rs 15,253 (per quintal)
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