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Pepper markets turned hot on Wednesday on strong domestic demand amid tight availability. On the terminal market,17 tonnes were traded at ₹600-610 a kg. Spot prices increased by ₹300 a quintal to close at ₹58,200 (ungarbled) and ₹61,200 (garbled) a quintal.
April, May and June contracts on IPSTA rose by ₹1,000 a quintal each to close at ₹62,000, ₹61,000 and ₹58,000 respectively. Indian export prices were at $9,750 a tonne c&f for Europe and $10,000 a tonne c&f for the US.
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