Pepper prices declined by Rs 24 to Rs 18,951 per quintal in futures trading today following profit-taking by speculators amid fall in exports.
At the National Commodity and Derivative Exchange, pepper for far-month September declined by Rs 24, or 0.13 per cent to Rs 18,951 per quintal with an open interest of 1077 lots.
Similarly, the spice for current month July traded lower by Rs 11, or 0.06 per cent to Rs 18,482 per quintal in 6108 lots.
Market analysts said profit-booking by speculators and fall in exporters demand helped pepper prices to trade lower at futures market here.