Pepper prices fell by Rs 225 to Rs 37,105 per quintal in futures trade today as speculators booking profits at existing higher levels, influenced by a weak trend in the spot market on sluggish demand.
At the National Commodity and Derivatives Exchange, December pepper fell by Rs 225, or 0.60 per cent, to Rs 37,105 per quintal, with an open interest for 602 lots.
The October contract declined by Rs 190, or 0.53 per cent, to Rs 35,815 per quintal in 5,489 lots.
Market analysts said profit-booking by speculators at existing higher levels amid subdued demand in the spot market mainly led to the fall in pepper prices in futures trade.
Weak export enquiries also influenced the trading sentiment to some extent, they said.
