Pepper sheds over 1% on higher output estimates

Pepper futures for April fell by Rs 360, or 1.02%, to Rs 35,060 per quintal in 810 lots.

At the National Commodity and Derivatives Exchange (NCDEX), the March contract moved down by Rs 265, or 0.71%, to Rs 37,140 per quintal in 2,124 lots.

Prices dropped as speculators reduced their positions due to estimates of higher output and sluggish spot market demands.