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Pepper futures prices moved down by Rs 163 to Rs 29,110 per quintal today owing to subdued export demand at higher rates.
At the National Commodity and Derivatives Exchange counter, pepper for delivery in July fell by Rs 163 or 0.56 per cent to Rs 29,110 per quintal with an open interest of 5,069 lots. Similarly, June contract shed Rs 86 or 0.29 per cent to Rs 29,551 per quintal with a business volume of 4,855 lots.
Analysts said offloading of positions by speculators due to a weak export demand at prevailing high levels led to the fall in pepper futures prices.
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