Pepper futures up on spot demand

NEW DELHI, Apr 17: Pepper prices rose by Rs 150 to Rs 37,050 per quintal in futures trading today as speculators created fresh positions, supported by a rise in demand in the spot market.

At the National Commodity and Derivatives Exchange, pepper for delivery in April rose by Rs 150, or 0.41 per cent, to Rs 37,050 per quintal with an open interest of 1,357 lots.

Similarly, the spice for delivery in May contract moved up by Rs 115, or 0.30 per cent, to Rs 38,080 per quintal in 4,718 lots.

Analysts said fresh buying by speculators, driven by a rise in demand in the spot market, mainly led to rise in pepper futures prices. (PTI)


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