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Pepper up on strong spot demand

Tight supplies also influenced the spices

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Press Trust of India New Delhi
Last Updated : Jan 29 2013 | 2:34 PM IST

Pepper futures for February moved up by Rs 155, or 0.44%, to Rs 35,260 per quintalin 2,878 lots.

At the National Commodity and Derivatives Exchange, the March contract gained Rs 110, or 0.32%, to Rs 34,250 per quintal in 764 lots.

Speculators enlarging their positions, a firm trend of pick-up in demand boosted the trade.

Tight supplies also influenced spice prices.

However, expectations of higher output and weak export demand capped the gains.

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First Published: Jan 10 2013 | 11:45 AM IST

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