Pepper gains 0.47% on thin supply

MTECHTIPS

Pepper gains 0.47% on thin supply

Pepper prices gained 0.47% to Rs 43,540 per quintal in futures trade today as speculators created fresh positions, driven by a rise in spot market demand amid thin supplies.At the National Commodity and Derivatives Exchange, pepper for delivery in December rose by Rs 205, or 0.47%, to Rs 43,540 per quintal, with an open interest of 2,587 lots.
November pepper gained Rs 120, or 0.27%, to Rs 44,000 per quintal, with an open interest of 5,778 lots.

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