Pepper prices fell by Rs 286 to Rs 26,025 a quintal in futures trading today as speculators booked profits, triggered by weak export as well as domestic demand.
At the National Commodity and Derivatives Exchange, pepper for delivery in May fell by Rs 286 or 1.09 per cent to Rs 26,025 a quintal, with an open interest of 10,725 lots.
Similarly, the spice for delivery in April declined by Rs 276 or 1.07 per cent to Rs 25,420 a quintal, with an open interest of 962 lots.
Analysts attributed the fall in futures to booking profits by speculators at existing higher levels following weak exports and domestic demand.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.