Moreover, ample stocks position on increased supplies from major growing regions, weighed on prices.
At the National Commodity and Derivatives Exchange, pepper for delivery in October plunged by Rs 1,145, or 2.56 per cent, to close at Rs 43,570 per quintal with an open interest of 77 lots.
Market analysts said, offloading of positions by participants due to subdued demand in the physical market against adequate stocks position on increased supplies from producing belts, mainly kept pepper prices lower at futures trade.