Pepper prices rose by Rs 168 to Rs 33,750 per quintal in futures trade today as speculators enlarged their positions, influenced by lower stock availability in the spot market.
At the National Commodity and Derivatives Exchange, October pepper added Rs 168, or 0.50%, to Rs 33,750 per quintal, with an open interest for 5,784 lots.
The September contract inched up by Rs 147, or 0.45%, to Rs 33,160 per quintal, with an open interest for 5,479 lots.
Pepper for November delivery rose by Rs 145, or 0.43%, to Rs 34,224 per quintal, with a trading volume of 424 lots.
Market analysts said lower availability of stocks in the spot market mainly led to the rise in pepper futures prices here.