Buoyed by firm spot demand and tight supply, pepper futures prices rose by Rs 318 to Rs 22,680 per quintal today, as speculators created fresh positions.
At the National Commodity and Derivatives Exchange counter, pepper for April contract rose by Rs 318, or 1.42 per cent to Rs 22,680 per quintal, with an open interest of 259 lots.
Similarly, the spice for delivery in November contract moved up by Rs 159, or 0.74 per cent to Rs 21,710 per quintal, with a business turnover of 4,765 lots.
Analysts said rising demand at spot markets ahead of the marriage season and tight supplies influenced the pepper futures prices.
