Pepper futures prices fell by Rs 240 to Rs 35,000 per quintal today as speculators offloaded their positions on the back of fresh arrivals and low demand in the spot market.
At the National Commodity and Derivatives Exchange, September pepper was trading Rs 240, or 0.68% lower, at Rs 35,000 per quintal, with an open interest for 340 lots.
The October contract declined by Rs 170, or 0.47%, to Rs 36,100 per quintal, with a business turnover of 9,957 lots.
Marketmen said the emergence of profit-booking by speculators, fresh arrivals from producing belts and low demand in the market mainly led to the decline in pepper futures prices.