Pepper futures for March fell by Rs 135, or 0.39% to Rs 34,170 per quintal in 707 lots at the National Commodity and Derivatives Exchange today.
The January contract declined by Rs 60, or 0.17% to Rs 36,310 per quintal in 2,676 lots.
Weak overseas demand, expectations of higher production affected the pepper futures.
However, seasonal demand and depleting stocks capped the loss.
