Pepper continued its upward journey with prices rising by another 0.66 per cent to Rs 48,505 per quintal in futures market today as participants engaged in enlarging their positions, tracking a firm trend at the spot market on strong demand amid tight stocks position.
At the Multi Commodity Exchange (MCX), the pepper for delivery in September was trading higher by Rs 320, or 0,66 per cent, to Rs 48,505 per quintal with a trading volume of 74 lots.
The contract for October was trading at Rs 47,810 per quintal, up by Rs 115, or 0.24 per cent with a business volume of 13 lots.
Marketmen attributed persistent rise in pepper in futures trade in domestic as well as export demand amid tight supplies from growing regions.
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