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Pepper prices rose by 0.60 per cent to Rs 33,950 per quintal in futures trade today as speculators created fresh positions, driven by a pick-up in spot market demand against tight stock availability.
At the National Commodity and Derivatives Exchange, pepper for delivery in November rose by Rs 202 or 0.60 per cent, to Rs 33,950 per quintal, with an open interest for 184 lots.
Similarly, the spice for delivery in October gained Rs 11 or 0.03 per cent to Rs 33,510 per quintal, with an open interest for 2,679 lots.
Analysts said apart from lower arrivals from producing belts, a pick up in spot market demand led to the rise in pepper prices in futures trade.
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