Buoyed by tight supplies and hopes of pick up in exports demand, pepper continued its upward journey and traded Rs 151, or 0.83 per cent, higher at Rs 18,239 per quintal in futures trade today.
At the National Commodity and Derivatives Exchange, pepper for delivery in October contract gained Rs 151, or 0.83 per cent, to Rs 18,239 per quintal, with an open interest of 472 lots.
Similarly, the commodity for July contract edged up by Rs 73, or 0.41 per cent, to Rs 17,708 per quintal, with a turnover of 7,685 lots.
Analysts attributed the continued rise in pepper prices in futures trade to tight supplies, as farmers held back their produce with hopes of pick up in exports demand.