Pepper prices declined by 0.45% in futures trade today after speculators booked profits. Lower stocks due to limited supplies in the spot markets, however, restricted the losses.
At the National Commodity and Derivatives Exchange, pepper for delivery in April traded lower by Rs 114, or 0.45%, to Rs 25,314 per quintal, with an open interest of 7,086 lots.
It had risen by 1.48% to close at Rs 25,424 per quintal in the previous session.
May pepper lost Rs 90, or 0.35%, to Rs 25,710, with a business turnover of 4,964 lots.
Analysts said emergence of profit-booking by speculators after gains in the previous session mainly led to the fall in pepper futures prices here.
However, limited supplies in the spot markets and poor availability of stocks with other pepper producing countries, restricted the losses, they added.