Pepper prices rose by Rs 76 to Rs 19,860 per quintal in futures market today, as speculators created fresh positions, driven by pick up in demand in the spot market.
At the National Commodity and Derivatives Exchange, pepper for September rose by Rs 76, or 0.38 per cent, to Rs 19,860 per quintal, with an open interest of 11,285 lots.
Similarly, the spice for delivery in October-month dropped by Rs 74, or 0.37 per cent, to Rs 20,045 per quintal, with an open interest of 4,454 lots.
Analysts said fresh positions created by speculators and pick up in demand in the spot market mainly led to a rise in pepper prices at futures market here.