Propelled by robust domestic demand amid lower supplies, pepper continued its upward journey and prices rose by Rs 129, or 0.62 per cent, to Rs 20,788 per 100 kg in futures trade today.
Firming trend in international markets also gave a positive impact on the pepper prices at futures trade here.
At the National Commodity and Derivatives Exchange, pepper for delivery in August contract traded Rs 129, or 0.62 per cent higher, at Rs 20,788 per 100 kg, with an open interest of 15,199 lots.
Likewise, the spice for delivery in September contract also gained Rs 122, or 0.58 per cent, to Rs 21,049 per 100 kg, with an open interest of 3,155 lots.
Analysts said besides, robust domestic demand, and firm prices in the international markets on lower stock estimates, also supported the upside in pepper prices in futures trade here.
