Pepper prices shed 0.26% to Rs 31,201 per quintal in futures trading today, tracking a weak spot markets trend on sluggish demand at prevailing higher levels.
At the National Commodity and Derivatives Exchange, pepper for August delivery fell by Rs 81, or 0.26%, to Rs 31,201 per quintal, with an open interest of 694 lots.
Similarly, the spice for October delivery lost Rs 28, or 0.09%, to Rs 32,380 per quintal, with an open interest of 1,691 lots.
Analysts said the fall in pepper futures prices was mostly due to off-loading of positions by speculators, driven by a weak trend at the spot markets.
