Pepper futures traded lower on NCDEX due to rising of new crop supply from major pepper producing areas. However, Quality issues in warehouse stocks are also putting pressure on the market sentiments. Further, April contract matured on April 19 with one tonne of pepper marked for delivery while 32 tonnes were cleared off.
The contract for May delivery was trading at Rs 35620.00, down by 0.06% or Rs 20.00 from its previous closing of Rs 35640.00. The open interest of the contract stood at 680 lots on NCDEX.