Pepper prices fell by Rs 195 to Rs 35,390 per quintal in futures trading today as speculators booked profits at existing higher levels, driven by a weak spot market trend.
At the National Commodity and Derivatives Exchange, pepper for delivery in October lost Rs 195, or 0.55%, to Rs 35,390 per quintal, with an open interest of 6,305 lots.
Similarly, the spice for delivery in November shed Rs 115, or 0.32%, to Rs 36,055 per quintal, with an open interest of 4,647 lots.
Market analysts said profit-bookings by speculators at existing higher levels amid a weak spot market trend on sluggish demand, mainly led to the fall in pepper futures prices.
