Pepper prices fell by Rs 106 to 23,772 per quintal in futures trade today as speculators reduced their positions, triggered by weakening export demand.
At the National Commodity and Derivatives Exchange, pepper for delivery in March contract fell by Rs 106, or 0.44 per cent, to Rs 23,772 per quintal, with an open interest of 9,162 lots.
Similarly, the spice for delivery in February moved down by Rs 99, or 0.41 per cent to Rs 24,111 per quintal, clocked an open interest of 4,079 lots.
Analysts said weakening export demand against adequate stocks mainly led to the decline in pepper futures prices.
