Pepper futures prices rose by Rs 305, or 1.60 per cent, to Rs 19,311 per quintal today, as speculators enlarged their positions led by pick up in demand in the spot market.
Decline in arrivals in the physical market also boosted the market sentiment.
At the National Commodity and Derivatives Exchange platform, pepper for January delivery rose by Rs 305, or 1.60 per cent, to Rs 19,311 per quintal, with an open interest of 75 lots.
Similarly, the spice for delivery in October moved up by Rs 140, or 0.76 per cent, to Rs 18,542 per quintal in 5,645 lots.
Analysts said positions increased by speculators amid pick up in demand in the spot market, mainly led to a rise in pepper futures prices.
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