Pepper prices today fell by Rs 109, or 0.64 per cent to Rs 17,000 per quintal in futures trade as traders engaged in reducing their positions, driven by sluggish spot demand and weak exports.
Weakness in other spices also put pressure on the trading sentiments.
At the National Commodity and Derivatives Exchange, pepper for August contract moved down by Rs 109 or 0.64 per cent to Rs 17,000 per quintal, with an open interest of 233 lots.
Similarly, the spice for delivery in May contract traded Rs 56, or 0.35 per cent lower at Rs 16,010 per quintal, with an open interest of 1,144 lots.
Analysts attributed the fall in pepper prices in futures market to weak trend at the spot markets due to sluggish demand and weak exports.
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