Pepper marginally up on scattered buying

Pepper prices traded marginally higher by Rs 6 to Rs 15,915 per quintal in futures trade today on scattered buying by speculators, driven by better demand at physical markets.

At the National Commodity and Derivatives Exchange, pepper for current month June contract gained Rs 6, or 0.04 per cent to Rs 15,915 per quintal with an open interest of 2110 lots.

Similarly, the spice for delivery in July contract edged up by Rs 5, or 0.03 per cent to Rs 16,173 per quintal with a business turnover of 10701 lots.

Analysts said pick up in demand at physical markets helped pepper futures prices to rise marginally.