Pepper down 0.4% on sluggish export
Thin supplies cap losses
Amid weak exports due to higher prices, pepper fell by 0.40% to Rs 42,140 per quintal in futures trade today as speculators trimmed their positions.
However, thin supplies in the spot markets amid dwindling stocks capped the fall.
At the National Commodity and Derivatives Exchange, pepper for delivery in October fell by Rs 170, or 0.40%, to Rs 42,140 per quintal, with an open interest of 2,768 lots.
September pepper lost Rs 90, or 0.22%, to Rs 41,420 per quintal, with an open interest of 4,056 lots.
Marketmen said the fall in pepper prices at futures trade was due to subdued export demand as Indian products are offered at a premium in the global market.
Thin supplies in the spot markets on dwindling stocks capped losses, they added.