Pepper fell by Rs 145 to Rs 42,625 per quintal in futures trade today after participants locked-in gains at prevailing levels but tight supplies and dwindling stocks limited losses.

At the National Commodity and Derivatives Exchange, pepper for delivery in August fell by Rs 145, or 0.33%, to Rs 42,625 per quintal, with an open interest of 4,036 lots.

The July contract shed Rs 140, or 0.32%, to Rs 42,250 per quintal, with an open interest of 1,013 lots.

Analysts said profit-booking by speculators at prevailing higher levels led to a fall in pepper prices at futures trade but squeezed supplies and dwindling stocks limited losses.