Pepper prices recovered by 0.34% to Rs 26,461 per quintal in futures trade today on covering-up of short positions after yesterday's losses.
However, weakness in export demand, capped the gains.
At the National Commodity and Derivatives Exchange, pepper for delivery in June rose by Rs 89, or 0.34%, to Rs 26,461 per quintal, with an open interest of 614 lots.
April pepper gained Rs 64, or 0.25%, to Rs 25,700, with an open interest of 6,458 lots.
Analysts said covering-up of pending short positions by speculators, helped pepper futures to trade higher. However, weak export demand restricted the gains.