Pepper futures fall 0.25% on subdued spot demand

Pepper prices fell by Rs 74 to Rs 29,273 per quintal in futures trading today, tracking a weak trend at the spot markets due to subdued demand.

At the National Commodity and Derivatives Exchange, pepper for August delivery moved down by Rs 74, or 0.25%, to Rs 29,273 per quintal, with an open interest of 9,390 lots. 

Similarly, the spice for September delivery lost Rs 36, or 0.12%, to Rs 29,700 per quintal, with an open interest of 4,722 lots.  

Analysts said the fall in pepper futures prices was mostly due to off-loading of positions by speculators, triggered by a weak trend at the spot markets on subdued demand.