Pepper extends gains, up 0.4% on tight supply

Prices went up as speculators enlarged positions

Pepper futures for February added Rs 145, or 0.37% to Rs 39,510 per quintal in 612 lots.

At the National Commodity and Derivatives Exchange (NCDEX), the March contract gained Rs 105, or 0.29% to Rs 36,565 per quintal in 2,118 lots.

Prices gained as speculators enlarged positions, driven by increased spot market demand gainst tight supplies.

However, expectations of higher output this year and sluggish exports capped the gains.