Pepper futures prices fell by 0.33% to Rs 25,580 per quintal today as speculators reduced their positions, triggered by a weak trend overseas.
However, tight supply situation in the domestic spot markets capped the downtrend.
At the National Commodity and Derivatives Exchange, pepper for delivery in April fell by Rs 85, or 0.33% to Rs 25,580 per quintal, with an open interest of 637 lots.
Similarly, the spice for delivery in May moved down by Rs 60, or 0.23% to Rs 26,200 per quintal, clocking an open interest of 10,563 lots.
Analysts said reports that pepper prices in global market have declined sharply mainly put pressure on the spice prices at domestic futures market here.