Pepper futures prices today tumbled by Rs 410 to Rs 42,600 per quintal, as speculators booked profits at existing higher levels amid sluggish demand in the spot markets.
However, estimates of lower output this year capped the losses.
At the National Commodity and Derivatives Exchange, the May contract for pepper tumbled by Rs 410, or 0.95%, to Rs 42,600 per quintal, with an open interest of 2,648 lots.
The April contract lost Rs 325, or 0.77% to Rs 41,790 per quintal in 5,774 lots.
Analysts said besides profit-bookings by speculators at existing higher levels, sluggish demand in the spot market kept pressure on pepper prices at futures market.
