Pepper down 2.26% on profit-booking

September contract falls 1.8%

Pepper prices fell by Rs 1,010 to Rs 43,670 per quintal in futures trade today as speculators indulged in profit-booking at prevailing higher levels.

At the National Commodity and Derivatives Exchange, pepper for delivery in August tumbled by Rs 1,010, or 2.26%, to Rs 43,670 per quintal, with an open interest of 4,862 lots.

September pepper plunged by Rs 810, or 1.82%, to Rs 43,680 per quintal in 2,997 lots.

Market analysts said profit-booking by speculators at prevailing higher levels pulled down pepper prices at futures trade.