NEW DELHI, Mar 15: Pepper prices moved up by Rs 165 to Rs 36,045 per quintal in futures trading today as speculators created fresh positions, supported by a rise in demand in the spot market.
However, estimates of a higher output this season limited the gains.
At the National Commodity and Derivatives Exchange, pepper for delivery in April month rose by Rs 165, or 0.46 per cent, to Rs 36,045 per quintal, with an open interest of 1,427 lots.
Similarly, the spice for delivery in March moved up by Rs 115, or 0.31 per cent, to Rs 37,270 per quintal in 675 lots.
Analysts attributed the rise in pepper prices at futures trade to fresh positions built-up by speculators on the back of pick in demand in the spot market. (PTI)
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