MUMBAI, Aug 5 (Reuters) - India pepper futures rose by over 2.5 percent on Wednesday supported by hopes of exports and on domestic festive demand, analysts said.
"There are export enquiries, which is supporting pepper, along with local demand," said Veeresh Hiremath, an analyst with Karvy Comtrade.
"Pepper may touch 14,500/14,800 (rupees) in the short-term."
Domestic demand has picked up due to festivals, even as supply concerns remain due to unfavourable weather conditions for the standing crop.
Spot pepper rose over 60 rupees and ended at 13,664.40 rupees per 100 kg in Kochi, a major trading hub in Kerala.
Following are the closing prices of pepper futures in rupees per 100 kg on the National Commodity and Derivatives Exchange Ltd.
Source : REUTERS