Pepper futures edge up on strong demand

Pepper continued its upward journey with prices rising 1.09 per cent to close at Rs 49,000 per quintal in futures market today as participants engaged in enlarging positions, tracking a firm trend at the spot market on strong demand amid tight stocks position.

At the National Commodity and Derivatives Exchange (NCDEX), pepper for delivery in September was trading higher by Rs 530, or 1.09 per cent, to close at Rs 49,000 per quintal in an open interest of 162 lots.

The October contract was trading at Rs 48,500 per quintal, up by Rs 50, or 0.10 per cent with an open interest of 44 lots.

Marketmen attributed persistent rise in pepper in futures trade to domestic as well as export demand amid tight supplies from growing regions.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)