Pepper futures up 0.32% on tight supply

Pepper futures prices moved up by Rs 94 to Rs 29,275 per quintal in futures trading today on pick-up in spot market demand against tight supply.

At the National Commodity and Derivatives Exchange, pepper for delivery in June moved up by Rs 94, or 0.32% to Rs 29,275 per quintal, with an open interest of 10,747 lots.

Likewise, the spice for delivery in July gained Rs 35, or 0.12% to Rs 28,890 per quintal in 2,645 lots.

Market analysts said besides tight supply in the physical market, pick-up in demand helped pepper prices to trade higher at futures trade.