Pepper futures gain 0.79 pct on fresh buying

Written by Agencies | New Delhi | Updated: Jun 30 2011, 22:17pm hrs
Pepper prices rose by 0.79 per cent to Rs 27,500 per quintal in futures trade on Thursday on emergence of buying by traders following improved demand in spot markets.

At the National Commodity and Derivatives Exchange, pepper for delivery in July rose by Rs 216, or 0.79 per cent, to Rs 27,500 per quintal, with an open interest of 7,875 lots.

Likewise, the spice for delivery in August moved up by Rs 160, or 0.58 per cent, to Rs 27,860 per quintal, with an open interest of 2,859 lots.

Market analysts said fresh buying by traders on improved demand in the spot market mainly pushed up pepper futures prices.