Pepper prices fell by Rs 240 to Rs 33,190 per quintal in futures trade today as speculators booked profits, driven by subdued demand in the spot market at prevailing higher levels.
At the National Commodity and Derivatives Exchange, pepper for delivery in September fell by Rs 240 or 0.72 per cent to Rs 33,190 per quintal with an open interest of 7,071 lots.
Similarly, the spice for delivery in October lost Rs 214 or 0.63 per cent, to Rs 33,890 per quintal in 4,229 lots.
Analysts said profit-booking by speculators and subdued spot market demand at prevailing higher levels, mainly led to the fall in pepper futures prices.