Pepper futures for March fell by Rs 195, or 0.53%, to Rs 36,330 per quintal in 1,403 lots.
At the Multi Commodity Exchnage (MCX), the February contract moved down by Rs 75, or 0.2%, to Rs 37,240 per quintal in 1,159 lots.
Speculators reducing their positions, triggered by supply pressure following arrival of new season crop triggered the uptrend.