Pepper marginally up on restricted supply, global trend

Supported by tight stocks following lower supplies, pepper prices rose by Rs 157, or 0.82 per cent, to Rs 19,232 per 100 kg in futures trade today.

However, subdued exports demand weighed on the prices and restricted gains.

At the National Commodity and Derivatives Exchange platform, pepper for October gained Rs 157, or 0.82 per cent, to Rs 19,2321 per 100 kg, with an open interest of 13,456 lots.

The spice for delivery in November traded Rs 141, or 0.73 per cent higher, to Rs 19,432 per 100 kg, with an open interest of 2,535 lots.

Analysts said rise in pepper prices at futures trade was attributed to restricted supplies in the domestic market and lower stocks with major producing countries.