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Pepper prices rose by Rs 334 to Rs 29,820 per quintal in futures trade today on emergence of buying by traders following pick-up in spot markets demand.
At the National Commodity and Derivatives Exchange, pepper for delivery in October rose by Rs 334 or 1.13 per cent to Rs 29,820 per quintal, with an open interest of 150 lots.
Likewise, the spice for delivery in July edged up by Rs 70 or 0.24 per cent to Rs 29,690 per quintal, with a trade volume of 7,466 lots.
Market analysts said besides tight supply following fall in arrivals in the physical market, pick-up in demand helped pepper prices to trade higher at futures trade.
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