| Pepper extend gains in futures trade on tight supply | |
| Press Trust of India / New Delhi Jul 06, 2010, 13:27 | | | | | |
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 Pepper trading today remained firm for the third session, with prices rising by another Rs 205 to Rs 18,181 per quintal in futures trading, led by speculative buying on limited domestic market supplies.
Good domestic and export demand also supported the upside in the pepper prices at futures trade.
At the National Commodity and Derivatives Exchange, pepper for far-month September shot up by Rs 205, or 1.14 per cent to Rs 18,181 per quintal with an open interest of 722 lots.
Similarly, the spice for delivery in July month moved up by Rs 191, or 1.09 per cent to Rs 17,794 per quintal in 7,595 lots.
Analysts said rising demand against tight supplies in spot markets led to an upsurge in pepper prices at futures trade.
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