Pepper prices fell by Rs 293 to Rs 29,936 per quintal in futures trade today as speculators endulged in booking-profits, driven by subdued demand in the spot markets.
At the National Commodity and Derivatives Exchange, pepper for delivery in June fell by Rs 293, or 0.97% to Rs 29,936, with an open interest of 14,866 lots.
Similarly, the spice for delivery in May lost Rs 78, or 0.26% to Rs 30,249 per quintal, with a business volume of 6,265 lots.
Analysts said profit-booking by speculators amid subdued demand in the spot market mainly led to the decline in pepper futures prices.