Pepper futrures extended losses for the second day losing Rs 330 to Rs 31,905 per quintal in futures market today on lower domestic and overseas demand.
At the National Commodity and Derivatives Exchange, March pepper dropped by Rs 330, or 1.02% to Rs 31,905 per quintal with an open interest of 753 lots.
The January contract lost Rs 215, or 0.68% to Rs 31,500 per quintal in 6020 lots.
Analysts said lower domestic as well as overseas demand against adequate stocks position following fresh arrivals of new crop in the physical mainly led to the sharp fall in pepper futures prices.
