Buoyed by the strong demand in spot markets, pepper prices rose by Rs 137, or 0.86 per cent to Rs 16,083 per quintal in futures trade today.
At the National Commodity and Derivatives Exchange, pepper for delivery in July contract gained Rs 137, or 0.86 per cent to Rs 16,083 per quintal, with an open interest of 7,915 lots.
Similarly, pepper for June contract edged up by Rs 134, or 0.85 per cent to Rs 15,883 per quintal, with a business turnover of 5,834 lots.
Analysts said strong demand at physical markets, led to a rise in pepper futures prices.