Pepper futures traded down on NCDEX due to profit booking by investors amid decline in export demand at prevailing prices. However, losses were limited as a result of restricted supplies in the market and deficient rains in key growing regions, which could hurt production.
The contract for April delivery was trading at Rs 35,600.00, down by 0.14% or Rs 50.00 from its previous closing of Rs 35,650.00. The open interest of the contract stood at 376 lots.
The contract for May delivery was trading at Rs 35,500.00, down by 0.31% or Rs 110.00 from its previous closing of Rs 35,610.00. The open interest of the contract stood at 1426 lots on NCDEX.