Pepper prices extended gains for the second straight day by adding Rs 260 to Rs 30,510 per quintal in futures trade today on pick up in demand in the spot market against restricted arrivals from producing region.
At the National Commodity and Derivatives Exchange, pepper for delivery in April month shot up by Rs 260, or 0.86% to Rs 30,510 per quintal with an open interest of 762 lots.
The February contract gained Rs 185, or 0.63% to Rs 29,720 per quintal in 2,986 lots.
Market analysts said pick up in demand in the spot market following ongoing marriage season and lower arrivals from producing region mainly kept pepper futures higher.
