Pepper futures down 0.83 pc on low demand

Pepper prices fell by 0.83 per cent to Rs 45,615 per quintal in futures market today as speculators reduced exposure amid easing demand in the spot market against adequate stocks position.
At the National Commodity and Derivatives Exchange, pepper for delivery in September declined by Rs 380, or 0.83 per cent, to Rs 45,615 per quintal with an open interest of 74 lots.
Likewise, the spice for delivery in October shed Rs 115, or 0.26 per cent, to Rs 44,790 per quintal in 72 lots.
Market analysts said offloading of positions by participants due to fall in demand in the physical market against adequate stocks position, mainly weighed on pepper prices at futures trade.