Pepper prices gained Rs 475 to Rs 29,585 per quintal in futures trading today as speculators enlarged their positions on a firming spot market demand.

At the National Commodity and Derivatives Exchange, pepper for delivery in February rose by Rs 475, or 1.63%, to Rs 29,585 per quintal, with an open interest of 3,099 lots.

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Market analysts said increased buying by speculators on the back of a rising demand in the spot market due to marriage season mainly pushed up pepper prices at futures.

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