Pepper prices rose by Rs 295 to Rs 43,465 per quintal in futures trade today as speculators created fresh positions, driven by pick up in spot market demand against lower supplies.
At the National Commodity and Derivatives Exchange, the August contract for pepper rose by Rs 295, or 0.68%, to Rs 43.465 per quintal with an open interest of 5,190 lots.
The July contract moved up by Rs 260, or 0.61%, to Rs 42,845 per quintal in 180 lots.
Market analysts said fresh buying by speculators on the back of a rise in demand in the spot market against restricted arrivals from producing belts mainly led to rise in pepper futures.
