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Pepper futures for May fell by Rs 155, or 0.43% to Rs 35,510 per quintal in 1,477 lots.
At the National Commodity and Derivatives Exchange (NCDEX), the April contract shed Rs 45, or 0.13% to Rs 35,850 per quintal in 331 lots.
Profit-booking at prevailing levels by speculators affected the trade.
Reports of higher output this season and fall in spot market demand put pressure on the prices.
