Pepper extends losses on weak export demand

Prices down 0,4% from previous clsoe

Pepper extended losses for the second straight day with prices falling by another Rs 170 to Rs 39,700 per quintal in futures trade today due to weak export demand at prevailing higher levels.

At the National Commodity and Derivatives Exchange, pepper for delivery in June fell by Rs 170, or 0.43%, to Rs 39,700 per quintal with an open interest of 598 lots.

Analysts said weak export demand mainly kept pressure on pepper prices at futures