Fresh positions by speculators helped the pepper futures
Pepper futures for April spurted by Rs 265, or 0.78%, to Rs 34,220 per quintal in 380 lots.
At the National Commodity and Derivatives Exchange, the March contract gained Rs 190, or 0.55%, to Rs 34,930 per quintal in 1,179 lots.
Pick-up in spot demand and covering-up of short positions supported the trade.
Fresh positions by speculators helped the pepper futures.
Prices fell 40-45 per cent to 143 cents a pound, compared with 250-260 cents a pound in the first three months of 2012Arabica coffee prices, which ...