Pepper futures for March fell by Rs 265, or 0.75%, to Rs 35,005 per quintal in 987 lots.
At the National Commodity and Derivatives Exchange, the February contract moved down by Rs 200, or 0.54%, to Rs 37,030 per quintal in 1,926 lots.
Speculators reducing their positions, weak spot markets trend due to subdued demand affected the trade.
