Bearish sentiments pound pepper

Updated - January 09, 2018 at 05:18 AM.

KERALA:KOCHI: 25/04/2013: The growing stages of peppe at a home garden near Kochi in Kerala.The Kerala State Horticulture Mission will implement a comprehensive pepper rejuvenation package to restore the glory of pepper production in the State. The five-year project would be taken up in major pepper-producing districts such as Wayanad and Idukki from the financial year 2013-14. _Photo: K.K. Mustafah.

Spot pepper prices fell further on bearish sentiments built up by reports of availability of more imported cheap pepper, trade sources told BusinessLine. As a result, prices fell by ₹200 a quintal to ₹39,600 (ungarbled) and ₹41,600 (garbled).

On the terminal market, 10 tonnes of mixed pepper were traded at ₹375 a kg. Export price was at $6,700 a tonne c&f for Europe and $6,950 for the US.

Published on November 28, 2017 16:33
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