Pepper futures prices fell by Rs 133, or 0.73 per cent, to Rs 18,065 per quintal today, as traders booked profits at prevailing levels. However, good demand at the spot market and lower stock supplies limited the downside.
At the National Commodity and Derivatives Exchange platform, pepper for delivery in August contract fell by Rs 133, or 0.73 per cent, to Rs 18,065 per quintal, with an open interest of 5,781 lots.
Similarly, the spice for delivery in July contract dropped by Rs 119, or 0.66 per cent, to Rs 17,854 per quintal, with an open interest of 9,201 lots. Analysts attributed the fall in pepper prices in futures market to profit booking at existing higher levels.
However, spot demand and rising prices in global markets, restricted losses.
