Pepper prices moved down by Rs 202 to Rs 28,612 per quintal in futures trade today as speculators booked profits following a weak trend at the spot market.
At the National Commodity and Derivatives Exchange, pepper for September delivery moved down by Rs 202, or 0.70% to Rs 28,612 per quintal with an open interest of 1412 lots.
Similarly, the spice for July delivery lost Rs 176, or 0.64% to Rs 27,430 per quintal in a business volume of 3,425 lots.
Analysts said speculators preferred to book profits following a subdued demand at the spot market mainly pulled down pepper futures prices.
