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Pepper futures up on spot demand

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Press Trust of India New Delhi

Pepper futures prices rose by Rs 285 to Rs 35,750 per quintal today, on rising demand in the spot market.

At the National Commodity and Derivatives Exchange, pepper for delivery in December rose by Rs 285, or 0.80%, to Rs 35,750 per quintal, with an open interest of 9,771 lots.

Similarly, the spice for delivery in January traded higher by Rs 195, or 0.55%, to Rs 35,485 per quintal, with a trade volume of 1,328 lots.

Analysts said rising demand in the spot market against limited arrivals from producing region, mainly helped pepper prices to trade higher at futures trade.

 

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First Published: Dec 02 2011 | 1:20 PM IST

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