Pepper prices rose by Rs 855 to Rs 43,130 per quintal in futures trade today on rising domestic and export demand against restricted arrivals from producing region.
Expectations of drop in output this season further fuelled the uptrend in pepper futures.
At the National Commodity and Derivatives Exchange, the May pepper rose by Rs 855, or 2.02%, to Rs 43,130 per quintal, with an open interest of 1,166 lots.
The March delivery moved up by Rs 480, or 1.15%, to Rs 42,290 per quintal, with an open interest of 3,765 lots.
Market analysts said apart from firming trend at spot market on rising domestic and export demand kept pepper futures higher.
