Pepper futures prices shot up by Rs 426 to Rs 30,900 per quintal today on pick up in demand in the spot market against restricted arrivals.
At the National Commodity and Derivatives Exchange, pepper for delivery in May shot up by Rs 426, or 1.40%, to Rs 30,900 per quintal, with an open interest of 4,741 lots.
Similarly, the spice for delivery June contract gained Rs 256, or 0.85%, to Rs 30,230 per quintal, with an open interest of 15,168 lots.
Market analysts said restricted arrivals in the physical market against increased demand mainly pushed up pepper prices at futures trade.
