Pepper futures prices moved down by Rs 163 to Rs 29,110 per quintal today owing to subdued export demand at higher rates.
On the National Commodity and Derivatives Exchange, pepper for delivery in July fell by Rs 163, or 0.56%, to Rs 29,110 per quintal, with an open interest of 5,069 lots.
Similarly, the spice for delivery in June shed Rs 86, or 0.29%, to Rs 29,551 per quintal, with a business volume of 4,855 lots.
Analysts said offloading of positions by speculators due to a weak export demand at prevailing high levels led to the fall in pepper futures prices.