Pepper prices moved up by Rs 191 to Rs 33,590 per quintal in futures trade today as speculators enlarged their positions, influenced by a pick-up in spot market demand amid restricted arrivals.
At the National Commodity and Derivatives Exchange, October pepper moved up by Rs 191, or 0.57%, to Rs 33,590 per quintal, with an open interest for 2,827 lots.
The September contract was trading higher by Rs 183, or 0.56%, at Rs 33,083 per quintal, with an open interest for 8,355 lots.
Analysts said a pick-up in spot market demand amid low arrivals from producing belts mainly led to the rise in pepper prices in futures trade.