Pepper prices fell by Rs 201 to Rs 34,045 per quintal in futures trade today as speculators booked profits, driven by sluggish demand in spot market.
At the National Commodity and Derivatives Exchange, November pepper fell by Rs 201, or 0.59% to Rs 34045 per quintal with an open interest of 410 lots.
The September contract lost Rs 125, or 0.38% to Rs 33002 per quintal in 5042 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.
