Pepper prices gained 0.29 per cent to Rs 35,080 per quintal in futures trade today as speculators created fresh positions, driven by a rise in spot market demand amid thin supplies and depleting stocks.
At the National Commodity and Derivatives Exchange, pepper for delivery in March rose by Rs 100, or 0.29 per cent, to Rs 35,080 per quintal, with an open interest of 761 lots.
February pepper gained Rs 40, or 0.11 per cent, to Rs 36,070 per quintal, in a business turnover of 2,273 lots.
Marketmen said thin supplies and falling stocks against improved demand in the spot market, mainly supported the upside in pepper prices at futures trade.