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Pepper prices rose by Rs 208 to Rs 23,211 a quintal in futures trade on Tuesday as speculators enlarged their positions, supported by tight stocks following poor supplies.
At the National Commodity and Derivatives Exchange, pepper for April traded Rs 208 or 0.90 per cent higher at Rs 23,211 a quintal, with an open interest of 440 lots.
Similarly, the spice for delivery in July gained Rs 179 or 0.75 per cent to Rs 24,076 a quintal, with a business volume of 31 lots.
Market analysts said lower stocks in the market following poor supplies from producing regions, influenced prices at futures trade.
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