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Pepper futures on the NCDEX (National Commodity and Derivatives Exchange Ltd) gained marginally by 0.14 per cent at Rs 43,060 a quintal even as the demand from stockiest tapered of.
Expectations of higher production and fresh crop arrivals in December have capped the demand.
Favourable weather conditions in Karnataka may boost the production in the state to a record high of 25,000 tonnes this year.
October contract on NCDEX may remain weak as selling pressure continues. The export demand still remains subdued as prices are quoted on the higher side at $7,400 a tonne.
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