Pepper futures fall on weak overseas demand

NEW DELHI: Pepper futures prices declined by Rs 195 to Rs 42,150 per quintal today, as speculators offloaded their positions on sluggish overseas demand.

However, speculations of lower output this year restricted the losses to some extent.

At the National Commodity and Derivatives Exchange, pepper for delivery in May fell by Rs 195, or 0.46 per cent, to Rs 42,150 per quintal in open interest of 2,620 lots.

Likewise, the spice for delivery in April shed Rs 150, or 0.36 per cent, to Rs 41,350 per quintal in 5,752 lots.

Analysts attributed to decline in pepper futures to weak overseas demand.