Pepper prices slipped on Tuesday on an upsurge in arrivals as harvesting has picked up in Kerala's Wayanad and Idukki districts. Anticipating decline in prices following rise in supply when the harvesting begins in Karnataka in a fortnight the buyers have slowed down.
On the terminal market 37 tonnes arrived today. High range pepper was traded at ₹425 a kg while Pulpally and Bathery material went for ₹420 a kg. Pepper from the plains mixed with Vietnam pepper was sold at ₹405 a kg, they said.
Spot prices dropped by ₹200 a quintal to close at ₹41,700(ungarbled) and ₹43,700 (garbled) a quintal.
Indian export prices were at $6,850 a tonne c&f for Europe and $7,100 a tonne c&f for the US.