Pepper futures prices today extended gains for the second straight session and added Rs 405 to Rs 42,840 per quintal as speculators enlarged their positions, tracking a firming trend at spot market on pick up in demand.
Thin supplies from producing belts supported the upswing in pepper futures prices.
At the National Commodity and Derivatives Exchange, pepper for delivery in September month added Rs 405, or 0.95%, to Rs 42,840 per quintal, with an open interest of 144 lots.
October pepper gained Rs 320, or 0.74%, to Rs 42,400 per quintal in 5,780 lots.
Market analysts said increased buying by speculators on the back of pick up in demand in the spot market amid thin supplies kept pepper prices firm at futures market.
