Pepper futures traded low on NCDEX as speculators restricted their positions on weak demand. Fall in domestic as well as export demand following increased supply in the local market, affected the prices. Further, improved rainfall raised hopes of better sowing in the growing regions, too weighed on the pepper futures prices.
The contract for September delivery was trading at Rs 42,150.00, down by 0.05% or Rs 20.00 from its previous closing of Rs 42,170.00. The open interest of the contract stood at 472 lots.
The contract for October delivery was trading at Rs 43,215.00, down by 0.22% or Rs 95.00 from its previous closing of Rs 43,310.00. The open interest of the contract stood at 5879 lots on NCDEX.