Pepper futures prices fell by Rs 185 to Rs 37,970 per quintal today, as speculators booked profits due to sluggish demand in the spot market at prevailing high levels.
At the National Commodity and Derivatives Exchange, December pepper fell by Rs 185, or 0.48%, to Rs 37,970 per quintal, with an open interest of 922 lots.
The November contract lost Rs 170, or 0.45%, to Rs 37,365 per quintal, with a business turnover of 7,057 lots, while October contract also declined by Rs 110, or 0.30%, to Rs 36,520 per quintal, with an open interest of 4,093 lots.
Analysts said profit-booking by speculators and subdued spot market demand at prevailing higher levels, mainly led to the fall in pepper futures prices.
