Pepper prices gained 0.17% to Rs 43,470 per quintal in futures trade today as speculators enlarged positions, driven by a rise in demand against thin supplies from producing belts.
At the National Commodity and Derivatives Exchange, pepper for delivery in October gained Rs 75, or 0.17%, to Rs 43,470 per quintal, with an open interest of 5,666 lots.
November pepper moved up by Rs 65, or 0.15%, to Rs 43,100 per quintal in 1,969 lots.
Market analysts said increased buying by speculators after pick up in demand in the spot market amid thin supplies from producing belt helped pepper prices to trade higher at futures market.