Pepper prices shot up by Rs 279, or 1.43 per cent, to Rs 19,849 per quintal in futures market today, as speculators enlarged their positions on rising demand in the spot market.
At the National Commodity and Derivatives Exchange platform, pepper prices shot up Rs 279, or 1.43 per cent, to Rs 19,849 per quintal, with an open interest of 251 lots.
Similarly, the spice for delivery in August jumped up by Rs 146, or 0.77 per cent to Rs 19,110 per quintal, with an open interest of 4,608 lots.
Analysts said speculators enlarged their positions on rising demand in the spot market, against tight stocks as farmers held back their produce on hopes of hike in rates pushed up pepper prices at futures trade.
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