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Pepper futures on the National Commodity and Derivatives Exchange Ltd were down 0.17 per cent at Rs 43,290 a quintal at 1.40 pm even as supplies in the domestic market were low.
Farmers were unwilling to sell their stocks at lower levels.
Pepper prices in the Kochi spot market were up marginally at Rs 42,162 a quintal on Thursday. Arrivals stood at 13 tonnes, while the demand was for 15 tonnes.
Demand for Indian pepper in the international markets remained low due to price disparity.
Pepper shipments from India to the international market were being quoted at $8,475-8,600 a tonne, while Indonesia Austa was available at $6,750 a tonne. Vietnam was offering 550GL at $6,900 a tonne.
Global pepper production this year is expected to increase 7.2 per cent to 3.20 lakh tonnes with a sharp rise in Indonesian and Vietnamese.
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