Pepper futures prices today surged Rs 575 to Rs 41,820 per quintal following strong demand ahead of the festive season.
Weak monsoon rains in key growing areas also boosted the sentiment.
At the National Commodity and Derivatives Exchange, pepper for delivery in August surged Rs 575, or 1.39% to Rs 41,820 per quintal with an open interest of 3000 lots.
The July contract shot up by Rs 560, or 1.38%, to Rs 41,280 per quintal in 2,014 lots.
Analysts attributed the rise in pepper futures to firming trend in spot markets on fresh demand amid less arrivals.
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