Pepper prices weakened today by Rs 45 to Rs 38,205 per quintal in futures trading today on sluggish export demand at prevailing high prices.
At the National Commodity and Derivatives Exchange, pepper for delivery in May weakened by Rs 45, or 0.12%, to Rs 38,205 per quintal with an open interest of 1,872 lots.
The June contract traded lower by Rs 15, or 0.04%, to Rs 38,970 per quintal in 393 lots.
Analysts said sluggish export demand at prevailing higher levels mainly led to the fall in pepper prices at futures trading.
They said higher supplies from Vietnam capped the gains.
Vietnam is the largest exporter of pepper to the global markets. vietnam's pepper exports are five times that of India's annual exports.