Pepper prices tumbled by 2.68% to Rs 30,750 per quintal in futures trading today due to poor overseas demand.
However, restricted supply in the physical market capped the losses to some extent.
At the National Commodity and Derivatives Exchange, pepper for delivery in October fell by Rs 848, or 2.68% to Rs 30,750 per quintal, with an open interest of 242 lots.
The spice for delivery in May dropped by Rs 398, or 1.37% to Rs 28,552 per quintal, with a trade volume of 8,158 lots.
Analysts said poor demand in the overseas market mainly pulled down pepper futures prices.