The spot pepper fell on Tuesday on reports of likely removal of suspension of imports from Vietnam by the Union government soon. Spot prices dropped by ₹200 a quintal to close at ₹59,400 (ungarbled) and ₹62,400 (garbled) a quintal.
March contract on the IPSTA was steady at ₹63,000 a quintal. Indian export prices were at $9,775 a tonne c&f for Europe and $10,025 a tonne c&f for US.