Pepper turned weak and traded Rs 61, or 0.30 per cent lower, to Rs 20,243 per quintal in futures market today, as speculators locked in profits amid weakening trend at spot markets.
At the National Commodity and Derivatives Exchange counter, pepper for November delivery fell by Rs 61, or 0.30 per cent, to Rs 20,243 per quintal, with an open interest of 1,021 lots.
Similarly, the spice for delivery in September declined by Rs 19, or 0.10 per cent, to Rs 19,815 per quintal, with an open interest of 3,505 lots.
Analysts said fall in pepper prices was mostly attributed to profit-booking by speculators at prevailing levels and subdued demand in the spot market.