Pepper futures up on sustained buying

Written by Agencies | New Delhi | Updated: Oct 28 2009, 18:34pm hrs
Pepper futures prices gained 0.91 per cent on sustained buying by traders on pick up in demand in spot markets for the ongoing marriage season.

Tight stocks position in markets on restricted arrivals from producing regions also influenced the trading sentiments. Pepper for November contract gained 0.91 per cent to Rs 14,670 per quintal with an open interest in 5,772 lots.

The spice for delivery in December contract also traded higher by 0.77 per cent to Rs 14,850 per quintal with an open interest in 3,492 lots.

Analysts said firming trend in spot markets due to ongoing marriage season against restricted arrival from producing region mainly pushed up pepper prices.