Pepper futures fell further by 0.98% to Rs 30,202 per quintal today amid profit-booking by speculators.
However, squeeze in supply and firm local demand capped the losses.
At the National Commodity and Derivatives Exchange, pepper for delivery in July fell by Rs 299, or 0.98% to Rs 30,202 per quintal, with an open interest of 757 lots.
Similarly, the spice for delivery in June moved down by Rs 264, or 0.88% to Rs 29,721 per quintal, clocking an open interest of 8,437 lots.
The spice for delivery in May declined by Rs 218, or 0.74% to Rs 29,140 per quintal, with an open interest of 8,039 lots. Pepper for delivery in May shot up by nearly 11% during the last fortnight.
Analysts said continued profit-booking by speculators mainly kept the pressure on the pepper futures prices, but strong demand and squeeze in supply limited the losses.
(Source: http://www.business-standard.com/india/news/pepper-futures-down-098profit-booking/133963/&tp=on)
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