Estimates of lower output this season further fueled the uptrend in pepper prices.
At the National Commodity and Derivatives Exchange, pepper for delivery in February shot up by Rs 330 ($6.56, €5.08, £4.25) , or 1.03%, to Rs 32,450 ($645.38, €499.87, £417.69) per quintal, with an open interest of 5,163 lots.
Likewise, the spice for delivery in January moved up by Rs 245 ($4.87, €3.77, £3.15) , or 0.78%, to Rs 31,740 ($631.26, €488.93, £408.55) per quintal, with an open interest of 1,117 lots.
Analysts attributed the rise in pepper futures to lower output estimates this season.
Also, pick-up in domestic spot market demand also supported the uptrend in pepper prices, they said.