Pepper futures prices gain 0.88% on spot demand, tight supply

Dec 18 2012, 15:21 IST
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SummaryPepper prices rose 0.88 per cent to Rs 35,465 per quintal in futures trading today.

Pepper prices rose 0.88 per cent to Rs 35,465 per quintal in futures trading today as speculators created fresh positions, driven by a rise in

demand in the spot market against restricted arrivals.

At the National Commodity and Derivatives Exchange, pepper for delivery in February month fell by Rs 310, or 0.88 per cent to Rs 35,465 per quintal with an open interest of 2,122 lots.

Similarly, the spice for delivery in December traded higher by Rs 50, or 0.13 per cent to Rs 39,200 per quintal in 943 lots.

Market analysts said fresh positions created by speculators, driven by a rise in demand in the spot market amid limited arrivals from producing belts mainly pushed up pepper futures.

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