Pepper futures rise

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Pepper prices rose by Rs 102, or 0.46 per cent, to Rs 21,180 per quintal in futures trade on Tuesday, after tracking a firming trend at spot markets.

At the National Commodity and Derivatives Exchange counter, pepper for October delivery rose Rs 102, or 0.48 per cent, to Rs 21,180 per quintal, with an open interest of 8,085 lots.

The spice for delivery in September—month traded higher by Rs 97, or 0.46 per cent, to Rs 21,025 per quintal, with an open interest of 8,581 lots.

Analysts said fresh positions created by speculators, triggered by pick up in demand in the spot markets, attributed to the rise in pepper prices at futures market here.