Pepper prices rose by Rs 70 to Rs 34,306 per quintal in futures trade today on the back of a pick-up in spot market demand amid tight supply availability.

At the National Commodity and Derivatives Exchange, pepper for delivery in November rose by Rs 70 or 0.20 per cent to Rs 34,306 per quintal, with an open interest for 310 lots.

Similarly, the spice for delivery in September gained Rs 21 or 0.06 per cent to Rs 33,249 per quintal, with a trade turnover of 7,595 lots.

Analysts said a pick-up in spot market demand and restricted arrivals from producing belts helped pepper prices to trade higher in futures trade.

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