Pepper futures prices fell by Rs 241 to Rs 28,933 per quintal today as speculators reduced their positions, amid weak export and local demand.
At the National Commodity and Derivatives Exchange, pepper for delivery in June fell by Rs 241, or 0.83%, to Rs 28,933 per quintal, with an open interest of 10,440 lots.
July pepper declined by Rs 237, or 0.82%, to Rs 28,761 per quintal, with a trade volume of 2,721 lots.
Analysts said fresh offloading by speculators on weak export and local demand mainly led to the fall in pepper futures prices.