Pepper prices fell by 0.58% in futures trade today despite lower arrivals in the spot markets.
At the National Commodity and Derivatives Exchange, pepper for September delivery fell by Rs 172, or 0.58%, to Rs 29,610 per quintal, with an open interest of 3,212 lots.
Similarly, the spice for August delivery lost Rs 163, or 0.56%, to Rs 29,045 per quintal, with a business volume of 10,060 lots.
Market analysts said off-loading of positions by speculators on subdued demand mainly kept pressure on the pepper futures prices.
