Pepper prices rose by Rs 1,185 or 2.68 per cent to Rs 41,900 per quintal in futures trade today as speculators enlarged positions on rising demand in the spot market amid squeezed supply.
In futures trading at the National Commodity and Derivatives Exchange, pepper for delivery in January rose by Rs 1,185, or 2.91 per cent, to Rs 41,900 per quintal with a trading volume of just two lots.
Traders said widening of positions built up by participants amid rising domestic as well as export demand in the physical market following a drop in arrivals from producing belts, mainly led to the sharp rise in pepper prices in futures trade.
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