Pepper futures prices rose by Rs 405 to Rs 44,390 per quintal today as speculators created fresh positions over output concerns, following weak rainfall in cultivating regions.
At the National Commodity and Derivatives Exchange, pepper for delivery in August rose by Rs 405, or 0.92%, to Rs 44,390 per quintal, with an open interest of 5,480 lots.
The September contract moved up by Rs 315, or 0.71%, to Rs 44,545 per quintal in 2,481 lots.
Market analysts said speculative positions created by participants over deficient rainfall in key growing regions, which may hurt output, influenced pepper at futures trade.