Pepper futures were trading in green on NCDEX as traders created positions on the back of rising demand in the domestic markets ahead of festive seasons amid limited stocks. Further, low stocks in the domestic markets have supported prices at lower levels. However, the spot prices have not gained much of traction due to lack of demand from the upcountry markets as well as lower demand for Indian pepper in the international markets.
The contract for September delivery was trading at Rs 42000, up by 0.45% or Rs 190.00 from its previous closing of Rs 41810. The open interest of the contract stood at 573 lots.
The contract for October delivery was trading at Rs 43090, up by 0.07% or Rs 30.00 from its previous closing of Rs 43060. The open interest of the contract stood at 5841 lots on NCDEX.