Pepper reacts to profit booking, down 0.84%

After yesterday's rise, pepper futures prices fell by Rs 152, or 0.84 per cent, to Rs 17,896 per quintal, today after speculators locked in profits.

However, exports demand and restricted supplies from the producing belts, restricted losses.

At the National Commodity and Derivatives Exchange platform, pepper for delivery in July contract fell by Rs 152, or 0.84 per cent, to Rs 17,896 per quintal, with an open interest of 8,913 lots.

Similarly, the spice for delivery in August contract also fell by Rs 144, or 0.79 per cent, to Rs 18,084 per quintal, with an open interest of 6,597 lots.

Analysts attributed the fall in pepper prices in futures trade to profit booking by speculators after yesterday's gains, but good exports demand and restricted supplies in the spot market limited losses.