Pepper prices fell by Rs 110, or 0.65 per cent, to Rs 16,815 per quintal in futures market today, as traders booked profits at existing higher levels, triggered by sluggish spot demand amid weak exports enquiries.
At the National Commodity and Derivatives Exchange, pepper for delivery in July contract fell by Rs 110, or 0.65 per cent, to Rs 16,815 per quintal, with a business turnover of 11,379 lots.
Similarly, the spice for delivery in August contract dropped by Rs 109, or 0.64 per cent, to Rs 17,021 per quintal, with an open interest of 2,516 lots.
Analysts attributed the fall in pepper prices in futures market to profit booking at existing higher levels, influenced by a weakening trend at the spot market.
