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Pepper prices rose by Rs 100 to Rs 33,018 per quintal in futures trade today on restricted arrivals in the physical market amid a pick-up in demand.
At the National Commodity and Derivatives Exchange, pepper for delivery in September rose by Rs 100 or 0.30 per cent to Rs 33,018 per quintal, with an open interest for 9,032 lots.
Similarly, the spice for delivery in October gained Rs 51 or 0.15 per cent to 33,468 per quintal in 2,448 lots.
Market analysts said a pick-up in demand in the spot market against restricted arrivals mainly led to the rise in pepper prices in futures trade.
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