Pepper futures prices declined by Rs 263 to Rs 30,802 per quintal today as speculators booked profits at existing higher levels, driven by a weak trend at the spot market.
At the National Commodity and Derivatives Exchange, pepper for November delivery declined by Rs 263, or 0.85%, to Rs 30,802 per quintal, with an open interest of 110 lots.
August pepper lost Rs 120, or 0.40%, to Rs 29,750 per quintal, with a trade volume of 3,536 lots.
Analysts said besides profit-bookings by speculators, weak trend at spot market on sluggish demand mainly led to the fall in pepper futures prices.
