Pepper futures prices today rose by Rs 285 to Rs 43,875 per quintal as speculators created fresh positions on concerns over the output following scanty rainfall in cultivating regions.
At the National Commodity and Derivatives Exchange, pepper for delivery in September rose by Rs 285, or 0.65%, to Rs 43,875 per quintal, with an open interest of 3,429 lots.
August pepper moved up by Rs 180, or 0.41%, to Rs 43,725 per quintal in 3,609 lots.
Analysts said speculative positions created by participants, driven by deficient rainfall in key growing regions - Kerala and Karnataka - which will hurt output, influenced pepper at futures trade.
In addition, thin supplies in the spot markets and dwindling stocks, too, influenced the prices, they said.