Pepper up 0.33% on spot market demand

Weak export demand capped the gains

Pepper futures moved up by Rs 115 to Rs 34,575 per quintal today.

However, expectations of higher output and weak export demand capped the gain.

At the National Commodity and Derivatives Exchange, the February contract rose by Rs 115, or 0.33% to Rs 34,575 per quintal in 2,872 lots.

The March contract gained Rs 50, or 0.15% to Rs 33,875 per quintal in 699 lots.

Analysts said speculators enlarging their positions, pick-up in spot markets demand led to pepper futures trading high.