The pepper markets ruled steady on Tuesday on matching demand and supply. Sri Lankan pepper imported by paying 8 per cent duty is being offered at ₹550 a kg in the Indian market. Buyers were reluctant to buy because, they said high-range, high-bulk density indigenous material is available here at the same price. Wayanad pepper sold at ₹540 while Karnataka pepper was available at ₹530 a kg, market sources told BusinessLine . On the terminal market 24 tonnes were traded at ₹540-550 a kg.
Spot prices remained unchanged at ₹53,600 (ungarbled) and ₹55,600 (garbled) a quintal.
Indian export prices were at $8,875 a tonne c&f for Europe and $9,125 a tonne c&f for the United States.