Black Pepper Futures More Than 3% Over Last Week - Nov 15, 2008

The Black Pepper prices spurted both in the futures and in the local markets during the current week on improved domestic demand.The approaching winter season demand from the north Indian buyers and the shortage of the commodity are supporting the firm trading in pepper.The NCDEX benchmark December Pepper contract spurted nearly 3.17% over the last week to Rs 11730 per 100 kg today.

The counter currently trades at Rs 11630, up 0.16% over the last session and the open interest added 2.37% to 6802 lots from 6,653 lots as on last day. The volume traded as of now stood at 1,021 lots.The Black Pepper prices gained nearly Rs 237.85 or 2.07% over the last week to Rs 11693.65 per 100 kg yesterday in the Kochi mandi. The commodity surged Rs 100 over the previous session.