Pepper futures traded up on NCDEX. Improved demand from North India ahead of the festive season improved the prices. However, estimates of a higher output this year and weak exports capped the gains.
The contract for April delivery was trading at Rs 36,070.00, up by 0.19% or Rs 70.00 from its previous closing of Rs 36,000.00. The open interest of the contract stood at 1325 lots.
The contract for May delivery was trading at Rs 36,100.00, up by 0.35% or Rs 125.00 from its previous closing of Rs 35,975.00. The open interest of the contract stood at 1011 lots on NCDEX.