Pepper prices jumped up by Rs 330, or over 1%, to Rs 30,885 per quintal in futures trading today as traders enlarged their positions, supported by pick up in demand in spot market.
Also, restricted supplies from the new season crop in the physical market, further fuelled the uptrend.
At the National Commodity and Derivatives Exchange, pepper for delivery in March shot up by Rs 330, or 1.08% to Rs 30,885 per quintal with an open interest of 3,398 lots.
The February contract moved up by Rs 275, or 0.91%, to Rs 30,415 per quintal in 2,807 lots.
Analysts said increased positions created by traders on the back of firming trend at spot market on pick up in demand mainly pushed up pepper futures prices.
