Pepper futures traded up as speculators enlarged their position on spot demand. However, expectations of a higher output this year and weak exports have capped the gains.
The contract for April delivery was trading at Rs 35600.00, up by 0.44% or Rs 155.00 from its previous closing of Rs 35445.00. The open interest of the contract stood at 1344 lots.
The contract for May delivery was trading at Rs 35400.00, up by 0.25% or Rs 90.00 from its previous closing of Rs 35310.00. The open interest of the contract stood at 962 lots on NCDEX.