Pepper prices rose by Rs 365 to close at Rs 42,900 per quintal in futures market today as speculators enlarged positions on the back of good demand in the spot market amid squeezed supply.
At the National Commodity and Derivatives Exchange, pepper for delivery in November contract rose by Rs 365, or 0.86 per cent, to close at Rs 42,900 per quintal with a trading volume of 50 lots.
Traders said, widening of positions built up by participants amid rising domestic as well as export demand in the physical market following drop in arrivals from producing belts mainly led to the sharp rise in pepper prices at futures trade.
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