Pepper futures fall on profit-taking

Pepper prices fell by Rs 226 to Rs 30,750 per quintal in futures trading today as speculators booked profits amid a weak spot market demand at prevailing higher levels.

At the National Commodity and Derivatives Exchange, pepper for August delivery fell by Rs 226, or 0.73%, to Rs 30,750 per quintal, with an open interest of 999 lots. 

Similarly, the spice for September delivery shed Rs 7, or 0.02%, to Rs 31,659 per quintal, with an open interest of 7,942 lots. 

Analysts said profit-booking by speculators and subdued spot market demand at prevailing higher levels, mainly led to fall in pepper futures prices.