Pepper prices rose by Rs 202 to Rs 24,020 per quintal in futures trading today on rising demand in the spot market.
Less supplies and lower stocks in the physical market further fulled the uptrend.
At the National Commodity and Derivatives Exchange, pepper for delivery in May rose by Rs 202, or 0.85%, to Rs 24,020 per quintal, with an open interest of 1,476 lots.
Similarly, the spice for delivery in April moved up by Rs 175, or 0.74%, to Rs 23,730 per quintal, with a business volume of 9,205 lots.
Analysts said rising demand against restricted arrivals mainly pushed up pepper futures prices.