Pepper prices dropped by Rs 330 to Rs 18,864 per quintal in futures trade today on heavy offloading by speculators on sluggish demand in the spot market.
At the National Commodity and Derivatives Exchange counter, pepper for October-month dropped by Rs 330, or 1.72 per cent, to Rs 18,864 per quintal, with an open interest of 11,019 lots.
Similarly, the spice for delivery in November-month declined by Rs 326, or 1.69 per cent, to Rs 19,021 per quintal, with an open interest of 3,816 lots.
Marketmen attributed the fall in pepper prices at futures market to sluggish demand against adequate stocks in the physical market.
