Pepper prices moved up by 0.90% to Rs 28,980 per quintal in futures trading today due to a rise in spot market demand against restricted supply from the producing regions.
At the National Commodity and Derivatives Exchange, pepper for August delivery rose by Rs 259, or 0.90%, to Rs 28,980 per quintal, with an open interest of 4,733 lots.
Similarly, the spice for September delivery edged up by Rs 235, or 0.80%, to Rs 29,450 per quintal, with an open interest of 5,234 lots.
Analysts said pick-up in the spot market demand against less arrivals from producing belts led to the rise in pepper futures prices.
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