Pepper prices rose by Rs 1,005 or 2.84 per cent to close at Rs 36,400 per quintal in futures trade today as speculators enlarged positions on good demand in the spot market amid squeezed supply.
In futures trading at the National Commodity and Derivatives Exchange, pepper for delivery in current month rose by Rs 1,005, or 2.84 per cent, to close at Rs 36,400 per quintal with a trading volume of 13 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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