Pepper prices rose by Rs 147 or 0.85 per cent to Rs 17,500 per quintal in futures trade today on short covering by speculators and better demand at physical markets.
At the National Commodity and Derivatives Exchange, pepper for delivery in July contract gained Rs 147, or 0.85 per cent to Rs 17,500 per quintal, with an open interest of 2,119 lots.
Similarly, the pepper for June contract edged up by Rs 145, or 0.85 per cent to Rs 17,257 per quintal, with a business turnover of 14,030 lots.
Analysts said, apart from pick up in demand at physical markets, covering-up of short positions by speculators also supported the upside in pepper prices at futures market here.
