Pepper weakens 0.24% on sluggish demand

Higher output growth supported the trade

Pepper futures for March declined by Rs 90, or 0.24% to Rs 36,855 per quintal in 1,670 lots.

At the National Commodity and Derivatives Exchange (NCDEX), the February contract shed Rs 25, or 0.08% to Rs 38,720 per quintal in 1,115 lots.

The prices fell as speculators reduced their positions after fall in spot market demand.

However, expectations of higher output also put pressure on pepper prices.