Besides, ample stocks position on increased supplies from major growing regions weighed on prices.
At the National Commodity and Derivatives Exchange, pepper for delivery in December plunged by Rs 1,000, or 2.56 per cent, to Rs 38,000 per quintal with an open interest of 5 lots.
Market analysts said offloading of positions by participants owing to slackened demand in the physical market against adequate stocks position on increased supplies from producing belts, mainly weighed on pepper prices at futures trade.