Pepper up 0.41% on spot demand short-covering
Increased supplies limited the gains
Pepper March futures rose by Rs 140, or 0.41%, to Rs 33,920 per quintal in 714 lots.
At the National Commodity and Derivatives Exchange, the February contract gained Rs 115, or 0.33% to Rs 34,685 per quintal in 2,721 lots.
Rising spot market demand, covering-up of short positions helped pepper futures.
However, increased supplies limited the gains, said marketmen.