Pepper slips on selling pressure

Spot pepper prices slipped on Monday on selling pressure. On the terminal market, 25 tonnes of reprocessed 550 GL pepper traded at ₹697-700 a kg. Besides, 10 tonnes of High Range pepper were traded at ₹705. Spot prices dropped by ₹200 a quintal to ₹69,300 (ungarbled) and ₹72,300 (garbled). July, August and September contracts on the IPSTA remained unchanged at ₹72,000, ₹71,000 and ₹69,000 a quintal. Export prices were at $10,750 a tonne c&f for Europe and $11,000 for the US.