Pepper prices surged by Rs 203, or 1.22 per cent, to Rs 16,836 per quintal in futures trade today on brisk buying by traders, supported by a good domestic as well as exports demand.
Tight supplies in spot markets also supported the upside in pepper futures prices.
At the National Commodity and Derivatives Exchange, pepper for delivery in August-month contract surged by Rs 203, or 1.22 per cent, to Rs 16,836 per quintal, with an open interest of 2,240 lots.
Similarly, pepper for July contract rose by Rs 175, or 1.06 per cent to Rs 16,617 per quintal, with a business volume of 11,333 lots.
Analysts said pick up in domestic, exports demand and tight supplies in spot markets led to a rise in pepper prices at futures trade.
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