Pepper prices rose by 212 to Rs 28,791 per quintal in futures trade today as traders enlarged their positions following rise in spot market demand.
Restricted arrivals from the producing regions also supported the uptrend in the prices.
At the National Commodity and Derivatives Exchange, pepper for August delivery rose by Rs 212, or 0.74%, to Rs 28,791 per quintal, with an open interest of 6,947 lots.
Similarly, the spice for July delivery moved up by Rs 132, or 0.47%, to Rs 28,200 per quintal, with an open interest of 4,353 lots.
Analysts said apart from restricted arrivals from producing belts, pick-up in demand in the spot market mainly pushed up pepper futures prices.
