Pepper futures continue to trade up on NCDEX on buying support from exporters and domestic buyers. Some reports stated, there was some selling pressure fearing release of around 6,800 tonnes of pepper locked in the warehouses since last year-end, also impacted the pepper price. Further, April contract matured on April 19 with one tonne of pepper marked for delivery while 32 tonnes were cleared off.
The contract for May delivery was trading at Rs 35,320.00, up by 0.04% or Rs 15.00 from its previous closing of Rs 35,305.00. The open interest of the contract stood at 1003 lots on NCDEX.