Pepper prices today fell by Rs 350 to Rs 20,011 per quintal as speculators booked profits, driven by weakening trend at spot market.
At the National Commodity and Derivatives Exchange, pepper for September month declined by Rs 350, or 1.72 per cent to Rs 20,011 per quintal with an open interest of 12,727 lots.
Similarly, the spice for delivery in October month traded lower by Rs 319, or 1.55 per cent to Rs 20,200 per quintal in 3,671 lots, while November month delivery drifted by Rs 238 or 1.15 per cent to Rs 20,440 per quintal in open interest 443 lots.
Analysts attributed the fall in pepper prices in futures trade to profit booking, driven by a weak trend in the spot market.
