Pepper prices rose by Rs 107 to Rs 20,390 per quintal in futures trading today as speculators created fresh positions, driven by a pick-up in demand in the spot market.
At the National Commodity and Derivatives Exchange, pepper for November delivery rose by Rs 107, or 0.53 per cent, to Rs 20,390 per quintal, with an open interest for 1,127 lots.
Similarly, the spice for September contract delivery gained Rs 94, or 0.47 per cent, to Rs 19,906 per quintal in 2,489 lots.
Analysts said positions created by speculators and a pick-up in demand in the spot market mainly led to a rise in pepper prices at the futures market here.
