Pepper prices moved down by Rs 25 to Rs 43,995 per quintal in futures trading today after speculators reduced their exposure on negligible exports and hopes of higher output.
At the National Commodity and Derivatives Exchange, pepper for delivery in November moved down by Rs 25, or 0.06%, to Rs 43,995 per quintal, with an open interest of 5,618 lots.
November pepper lost Rs 10, or 0.02%, to Rs 43,375 per quintal in 4,760 lots.
Marketmen said besides a weak overseas demand, expectations of higher output due to rainfall later in the season weighed on pepper futures prices here.
