Pepper prices tumbled by Rs 143, or 0.73 per cent, to Rs 19,315 per 100 kg in futures trade today on heavy offloading by speculators, driven by sluggish domestic and exports demand.
At the National Commodity and Derivatives Exchange counter, pepper for September delivery dropped by Rs 143, or 0.73 per cent, to Rs 19,315 per 100 kg, with an open interest of 11,037 lots.
Similarly, the spice for delivery in October fell by Rs 142, or 0.72 per cent, to Rs 19,498 per 100 kg, with an open interest of 4,677 lots.
Analysts attributed the fall in pepper prices in futures trade to heavy-loading by speculators, driven by a fall in domestic demand.
Besides, poor export demand due to higher price of Indian produce in the global market, also weighed on the pepper futures, they said.