Pepper prices fell by Rs 75, or 0.39 per cent, to Rs 19,315 per quintal in futures market today, as speculators booked profits at existing higher levels and fall in demand in the spot market.
At the National Commodity and Derivatives Exchange counter, pepper for October-month contract fell by Rs 75, or 0.39 per cent, to Rs 19,315 per 100 kg, with an open interest of 1,564 lots.
Similarly, the spice for delivery in August-month also traded Rs 53, or 0.28 per cent down, to Rs 18,873 per 100 kg, with an open interest of 6,005 lots.
Analysts attributed the fall in pepper prices in futures trade to profit booking at existing higher levels, driven by a fall in demand in the spot market.