Pepper prices moved down by Rs 265 to Rs 36,575 per quintal in futures trade today, as speculators booked profits, driven by a subdued demand at prevailing high levels in the spot market.
At the National Commodity and Derivatives Exchange, November pepper fell by Rs 265, or 0.72 per cent, to Rs 36,575 per quintal, with an open interest of 9,028 lots.
The October contract lost Rs 235, or 0.65 per cent, to Rs 36,100 per quintal, with a trade volume of 1,750 lots.
Market analysts said besides profit-booking by speculators, fall in demand in the spot market mainly led to the decline in pepper futures prices.
