Pepper prices fell by Rs 286 to Rs 26,025 per quintal in futures trading today as speculators booked profits, triggered by weak export as well as domestic demand.
At the National Commodity and Derivatives Exchange, pepper for delivery in May fell by Rs 286, or 1.09% to Rs 26,025 per quintal, with an open interest of 10,725 lots.
Similarly, the spice for delivery in April declined by Rs 276, or 1.07% to Rs 25,420 per quintal, with an open interest of 962 lots.
Analysts attributed the fall in pepper futures to booking profits by speculators at existing higher levels following weak exports and domestic demand.
