Pepper prices rose by Rs 47 to Rs 32,450 per quintal in futures trade today on rising spot market demand and tight supply availability amid restricted arrivals from producing regions.
At the National Commodity and Derivatives Exchange, September pepper rose by Rs 47, or 0.15%, to Rs 32,450 per quintal with an open interest for 8,716 lots.
October delivery moved up by Rs 36, or 0.11%, to Rs 32,889 per quintal in 2,047 lots.
Analysts said apart from lower arrivals from producing belts, a rise in spot market demand mainly led to the rise in pepper prices in futures trade.
