Pepper remained weak and shed Rs 150 to Rs 37,950 per quintal in futures trade today as speculators continued to book profits, driven by subdued spot market demand.
At the National Commodity and Derivatives Exchange, December pepper sheds Rs 150, or 0.40%, to Rs 37,950 per quintal, with an open interest of 905 lots.
The October contract fell by Rs 145, or 0.39%, to Rs 36,570 per quintal, with an open interest of 3,711 lots.
Similarly, for November delivery, the prices declined by Rs 130, or 0.35%, to Rs 37,405 per quintal, with an open interest of 7,394 lots.
Analysts said continued profit-booking by speculators and weak spot market demand at prevailing higher levels mainly led to the fall in pepper futures prices.