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Pepper futures prices declined by Rs 263 to Rs 30,802 per quintal today as speculators booked profits at existing higher levels, driven by a weak trend at the spot market.
At the National Commodity and Derivatives Exchange, pepper for delivery November declined by Rs 263 or 0.85 per cent to Rs 30,802 per quintal, with an open interest of 110 lots.
Likewise, the spice for delivery in August moved down by Rs 120 or 0.40 per cent to Rs 29,750 per quintal, with a trade volume of 3,536 lots.
Analysts said besides profit-bookings by speculators, weak trend at spot market on sluggish demand mainly led to the fall in pepper futures prices.
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