Pepper futures continued to rule hot in early morning trade on the NCDEX. Arrivals of farm grade pepper in the market were tight.

Deficient rain in the growing regions of Kerala and Karnataka remained a cause of concern. Growing exports added to the pressure on supply.

During January to June 2012, 10,000 tonnes of pepper were exported as against 9,059 tonnes during the same period a year ago.

August futures were up Rs 290 for a quintal in early morning trade and were quoting at Rs 44,275. The September contract quoted at Rs 44,370 for a quintal and the October contract at Rs 44,800.

The spot rate in the Kochi market was at Rs 44,526.30 for a quintal.