Pepper futures prices fell by Rs 56 to Rs 22,350 per quintal today, after traders reduced their positions driven by weak exports demand.
However, delay in fresh arrivals due to unseasonal rain and restricted supplies capped losses.
At the National Commodity and Derivatives Exchange, pepper for February month fell by Rs 56, or 0.25 per cent to Rs 22,350 per quintal, with an open interest of 1,107 lots.
Likewise, the spice for delivery in December month declined by Rs 18, or 0.08 per cent to Rs 21,800 per quintal, with a business turnover of 872 lots.
Market analysts said fall in pepper prices was mostly due to sluggish exports demand but squeeze in supplies on the back of delay in arrivals, restricted losses.
