Pepper prices surged by Rs 481, or 2.01 per cent, to Rs 24,422 per quintal in futures trade today on increased demand in the spot market against limited arrivals.
At the National Commodity and Derivatives Exchange, pepper for delivery in June surged by Rs 481, or 2.01 per cent, to Rs 24,422 per quintal, with an open interest of 165 lots.
Similarly, the spice for delivery in April jumped up by Rs 352, or 1.50 per cent, to Rs 23,806 per quintal, with a business volume of 9,161 lots.
Analysts said a firming trend at the domestic market on the back of rising demand, mainly supported the rise in pepper futures prices here.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app