Pepper prices closed lower by 0.38 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) due to profit booking by the investors amid a decline in the export demand at prevailing prices. At the NCDEX, pepper futures for February 2012 contract closed at Rs. 39,490 per quintal, down by 0.38 per cent, after opening at Rs. 39,630 against the previous closing price of Rs. 39,640.
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