Pepper up 0.41% on spot demand short-covering

Pepper March futures rose by Rs 140, or 0.41%, to Rs 33,920 per quintal in 714 lots.

At the National Commodity and Derivatives Exchange, the February contract gained Rs 115, or 0.33% to Rs 34,685 per quintal in 2,721 lots.

Rising spot market demand, covering-up of short positions helped pepper futures.

However, increased supplies limited the gains, said marketmen.