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In range-bound trading, pepper prices declined by 0.28 per cent to Rs 29,121 per quintal in futures trade today as speculators off-loaded their positions after fall in spot market demand.
However, restricted supply in the spot market and depleting stocks restricted the losses.
At the National Commodity and Derivatives Exchange, pepper for delivery in August declined by Rs 82, or 0.28 per cent to Rs 29,121 per quintal, with an open interest of 9,628 lots.
Similarly, the spice for delivery in September shed Rs 19 or 0.06 per cent to Rs 29,605 per quintal, with an open interest of 3,886 lots.
Market analysts said off-loading of positions by speculators on the back of fall in the spot market demand led to the fall in pepper prices at futures trade.
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