Pepper prices tumbled by Rs 370, or 1.79 per cent, to Rs 20,280 per quintal in futures trade today on heavy offloading by speculators and sluggish domestic and export demand.
At the National Commodity and Derivatives Exchange counter, pepper for December delivery dropped by Rs 370, or 1.79 per cent, to Rs 20,280 per quintal, with an open interest of 566 lots.
Similarly, the spice for delivery in September fell by Rs 205, or 1.03 per cent, to Rs 19,691 per quintal, with an open interest of 11,806 lots.
Analysts attributed the fall in pepper prices in futures trade to heavy-loading by speculators, driven by a fall in domestic and exports demand.
