Pepper futures remain down on weak export demand

Amid weak export and adequate stocks at spot markets, pepper continued its slide and traded 0.34 per cent lower at Rs 23,440 per quintal in futures trade today.

At the National Commodity and Derivatives Exchange, pepper for delivery in April fell by Rs 80, or 0.34 per cent to Rs 23,440 per quintal, with an open interest of 295 lots. 

Similarly, the spice for delivery in January contract fell by Rs 31, or 0.14 per cent to Rs 22,410 per quintal, with an open interest of 1,162 lots.

Analysts said weak export demand against adequate stocks due to fresh crop arrival in the physical market led to a fall in pepper futures prices here.