Buoyed by a strong spot demand amid poor supplies, pepper prices shot up by Rs 394, or 1.91 per cent, to Rs 21,010 per 100 kg in futures trade today.
Besides, estimates of lower global output also influenced the pepper prices at futures market here.
At the National Commodity and Derivatives Exchange platform, pepper for delivery in November contract traded Rs 394, or 1.91 per cent higher, at Rs 21,010 per 100 kg, with an open interest of 259 lots.
Similarly, the spice for delivery in August contract also gained Rs 270, or 1.34 per cent, to Rs 20,365 per 100 kg, with an open interest of 2,717 lots.
Meanwhile, at the spot market in Kochi, pepper gained Rs 225, to Rs 19,642 per 100 kg in yesterday's trading.
Analysts said besides spot demand at the spot markets, restricted supplies and estimates of lower global output were other factors behind an upsurge in pepper futures.