Pepper futures down 0.3%

Pepper futures prices fell by Rs 69 to Rs 23,070 per quintal today, as speculators reduced their positions amid increased stocks in the spot market. 

At the National Commodity and Derivatives Exchange counter, pepper for delivery in March traded Rs 69, or 0.30 per cent lower, at Rs 23,070 per quintal, with an open interest of 668 lots.

The spice for delivery in April declined by Rs 32, or 0.14 per cent, to Rs 23,366 per quintal, with a business turnover of 298 lots.

Market analysts said adequate stocks in the physical markets following increased arrivals from producing belts, led to the decline in pepper futures prices.