Buoyed by improved domestic as well as exports demand, pepper rose by Rs 166, or one per cent to Rs 16,700 per quintal in futures trade today.
Weak supplies in spot markets also supported the upside in pepper futures prices.
At the National Commodity and Derivatives Exchange, pepper for delivery in September contract rose Rs 166, or one per cent to Rs 1,700 per quintal, with an open interest of 274 lots.
Similarly, pepper for August contract edged up by Rs 33 or 0.20 per cent to Rs 16,510 per quintal, with a business turnover of 927 lots.
Analysts said pick up in domestic and exports demand and weak supplies in spot markets were responsible for the rise in pepper prices at futures market here.
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