Pepper falls 0.35% on sluggish export demand

Thin supplies restrict losses

Pepper futures prices today fell by Rs 155 to Rs 43,725 per quintal as speculators trimmed positions on the back of sluggish export demand at prevailing higher levels.

Thin domestic supplies in the physical market restricted the losses.

At the National Commodity and Derivatives Exchange, pepper for delivery in November fell by Rs 155, or 0.35%, to Rs 43,725 per quintal, with an open interest of 4,250 lots.

October pepper lost Rs 50, or 0.11%, to Rs 43,890 per quintal in 1,650 lots.

Marketmen attributed the decline in pepper futures to sluggish export demand at prevailing higher levels.