Pepper prices rose by Rs 334 to Rs 29,820 per quintal in futures trade today on emergence of buying by traders following pick-up in spot markets demand.
At the National Commodity and Derivatives Exchange, pepper for delivery in October rose by Rs 334, or 1.13%, to Rs 29,820 per quintal, with an open interest of 150 lots.
Likewise, the spice for delivery in July edged up by Rs 70, or 0.24%, to Rs 29,690 per quintal, with a trade volume of 7,466 lots.
Market analysts said besides tight supply following fall in arrivals in the physical market, pick-up in demand helped pepper prices to trade higher at futures trade.
