Pepper prices tumbled by by Rs 725 to Rs 41,190 per quintal in futures trade today as speculators booked profits at existing higher levels.
At the National Commodity and Derivatives Exchange, May pepper lost Rs 725, or 1.73%, to Rs 41,190 per quintal, with an open interest of 1,379 lots.
The April delivery declined by Rs 700, or 1.68%, to Rs 40,880 per quintal, with open interest of 5,988 lots.
The March spice lost Rs 690, or 1.69%, to Rs 40,150 per quintal, with an open interest of 2,325 lots.
Analysts said speculators booked profits at prevailing higher levels, leading to a fall in pepper prices at futures trade.
