Pepper prices fell by Rs 245 or 1.30 per cent to Rs 18,560 per quintal in futures trade today, as speculators reduced their positions on subdued spot demand and hopes of a rise in production.
At the National Commodity and Derivatives Exchange, pepper for October month fell by Rs 245 or 1.30 per cent to Rs 18,560 per quintal, with an open interest of 12,030 lots.
It ended 0.40 per cent down at Rs 18,805 per quintal in the previous session.
Similarly, the spice for delivery in November month declined by Rs 239, or 1.26 per cent to Rs 18,745 per quintal in 3,481 lots.
Analysts attributed the fall in pepper prices to off-loading of positions by speculators following subdued domestic and export demand.
Meanwhile, India's pepper exports in April-August fell by 5 per cent to 7,600 tonnes from the same period a year ago.
