Pepper prices declined by Rs 16 or 0.10 per cent to Rs 16,225 per quintal in futures trade today, as speculators booked profits at the existing higher levels, driven by a weak trend at the spot market.
At the National Commodity and Derivatives Exchange, pepper for July contract fell Rs 16, or 0.10 per cent to Rs 16,225 per quintal, with an open interest of 10,352 lots.
Similarly, the spice for delivery in June contract traded marginally lower by Rs 5, or 0.03 per cent to Rs 15,985 per quintal, with an open interest of 2,692 lots.
Analysts attributed the fall in pepper prices at futures market to profit taking by speculators, after yesterday's rise.
