Pepper prices recovered by Rs 155 or 0.94 per cent to Rs 16,574 per quintal in futures trade today, as traders enlarged their positions, driven by pick up in demand at physical markets.
However, poor exports demand capped gains.
At the National Commodity and Derivatives Exchange, pepper for delivery in June contract traded Rs 155, or 0.94 per cent to Rs 16,574 per quintal, with an open interest of 13,418 lots.
The benchmark contract ended 3.26 per cent lower at Rs 16,419 per quintal in the previous session.
Similarly, the pepper for July contract recovered by Rs 189, or 1.14 per cent at Rs 16,790 per quintal, with a business turnover of 283 lots.
Analysts said, apart from pick up in demand at physical markets, covering-up of short positions by speculators also supported the upside in pepper prices at futures market here.
