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Pepper up on thin supply, rising demand

September contract up 0.34% on lower arrivals from producing areas

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 4:33 AM IST

Pepper futures prices today moved up by Rs 150 to Rs 44,150 per quintal as speculators enlarged their positions supported thin supplies amid lower output concerns.

Further, a pick-up in demand and a firming trend overseas also supported the uptrend.

At the National Commodity and Derivatives Exchange, pepper for delivery in September rose by Rs 150, or 0.34%, to Rs 44,150 per quintal, with an open interest of 1,222 lots.

August pepper moved up by Rs 95, or 0.22%, to Rs 43,705 per quintal, with an open interest of 5,326 lots.

Market analysts attributed the rise in pepper futures to pick-up in demand in the spot market against restricted arrivals from producing belts on lower output concerns.

Besides, a firming trend in the global markets also influenced the prices, they added.

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First Published: Jul 25 2012 | 12:19 PM IST

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