Pepper prices went up by 0.28 per cent to Rs 43,000 per quintal in futures trading today as speculators built up fresh positions amid pick up in demand in the spot market.
At the National Commodity and Derivatives Exchange, pepper for delivery in November rose by Rs 120, or 0.28 per cent to Rs 43,000 per quintal with an open interest of 17 lots.
Likewise, the spice for delivery in October traded higher by Rs 85, or 0.19 per cent to Rs 43,820 per quintal in 66 lots.
Traders said fresh positions created by participants on the back of uptick in demand in the physical market against tight stocks position on fall in arrivals from producing belts, mainly influenced pepper prices at futures trade.
Disclaimer: No Business Standard Journalist was involved in creation of this content
