Pepper futures marginally up on tight supplya

Pepper prices rose Rs 40 to Rs 43,100 per quintal in futures market.

Written by Agencies | New Delhi | Published: September 18, 2012 12:14 pm

Pepper prices rose Rs 40 to Rs 43,100 per quintal in futures market today as participants created speculative positions,driven by tight supplies in the spot markets.

However,weak demand restricted the gains.

At the National Commodity and Derivatives Exchange,pepper for delivery in October traded Rs 40,or 0.09 per cent,higher at Rs 43,100 per quintal,with an open interest of 5,831 lots.

Similarly,the spice for delivery in November edged up by Rs 35,or 0.08 per cent,to Rs 43,000 per quintal,with an open interest of 660 lots.

Marketmen said the rise in pepper prices at futures trade was mostly due to tight supplies in the market but subdued spot and export demand capped the gains.

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