Pepper futures fall 0.86 pc on poor export demand

NEW DELHI: Pepper fell by Rs 360 to Rs 41,700 per quintal in futures trading today following heavy selling by speculators on poor export demand and improved rains in key producing region.

At the National Commodity and Derivatives Exchange, pepper for delivery in September fell by Rs 360, or 0.86 per cent, to Rs 41,700 per quintal, with an open interest of 720 lots.

Similarly, the spice for delivery in October moved down by Rs 240, or 0.56 per cent, to Rs 42,900 per quintal in 5,891 lots.

Marketmen attributed the fall in pepper futures to poor export demand and improved rains in producing regions.