Pepper prices fell by Rs 200 to Rs 42,605 per quintal in futures trade today as speculators trimmed positions amid a weak overseas demand and better crop prospects.
At the National Commodity and Derivatives Exchange, pepper for delivery in November fell further by Rs 200, or 0.47%, to Rs 42,605 per quintal, with an open interest of 4,862 lots.
Likewise, the spice for delivery in December lost Rs 110, or 0.26%, to Rs 42,065 per quintal in 3,365 lots.
Market analysts said besides weak overseas demand, better crop prospects kept pressure on pepper prices at futures market.
