Pepper prices fell by Rs 210 to Rs 34,500 per quintal in futures trade today, as speculators booked profits, due to sluggish demand in the spot market at prevailing higher levels.
At the National Commodity and Derivatives Exchange, pepper for delivery in November fell by Rs 210, or 0.61%, to Rs 34,500 per quintal, with an open interest of 9,675 lots.
Likewise, the spice for delivery in December lost Rs 140, or 0.40%, to Rs 34,865 per quintal, with a trade volume of 2,297 lots, while January delivery prices also declined by Rs 145, or 0.41%, to Rs 35,100 per quintal, with an open interest of 147 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.
