Pepper prices fell further by Rs 510 to Rs 37,520 per quintal in futures trading today on continued profit-bookings by speculators, driven by sluggish demand at prevailing higher levels in the spot market.
At the National Commodity and Derivatives Exchange, pepper for delivery in March dropped by Rs 510, or 1.34%, to Rs 37,520 per quintal, with an open interest of 4,334 lots.
April pepper declined by Rs 365, or 0.96%, to Rs 37,850 per quintal in 4,388 lots.
Analysts said speculators continued to book profits on sluggish spot demand in spot markets at prevailing higher levels mainly kept pepper futures remain weak.