Pepper prices rose by Rs 990 or 2.36 per cent to Rs 42,900 per quintal in futures trade today as speculators enlarged positions on good domestic demand at the spot market amid fall in supply.
In futures trading at the National Commodity and Derivatives Exchange, pepper for delivery in January rose by Rs 990, or 2.36 per cent, to Rs 42,900 per quintal with a trading volume of just four 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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