Pepper prices moved up by Rs 350 to Rs 35,480 per quintal in futures trading today as speculators created fresh positions, driven by pick up in local as well as export demand.
Restricted arrivals from producing regions also supported the uptrend in pepper futures prices.
At the National Commodity and Derivatives Exchange, October pepper rose by Rs 350, or 1%, to Rs 35,480 per quintal, with an open interest of 6,555 lots.
The November delivery edged up by Rs 345, or 0.97%, to Rs 36,050 per quintal, with an open interest of 4,515 lots.
Marketmen said a rise in local as well export demand against restricted arrivals from producing regions, mainly led to the rise in pepper futures prices.