Sri Lankan pepper floods market

Updated - January 09, 2018 at 03:16 AM.

Mysuru Karnataka: 05-10-2017: Pepper prices have come down on account of an increase in production and import of the produce. PHOTO: M.A.SRIRAM

During January-October, 11,000 tonnes of Sri Lankan pepper arrived in India depressing the prices of the indigenous produce. Much of it landed here during the June-October period and that, in turn, pulled down pepper prices here, market sources told BusinessLine . On the terminal market, five tonnes from the plains were traded at ₹410 a kg. Karnataka quoted ₹390/kg, while High Range pepper went for ₹410. Spot prices slipped further by ₹100 a quintal to ₹40,900 (ungarbled) and ₹42,900 (garbled). Export prices were $6,750 a tonne c&f for Europe and $7,000 for the US.

Published on November 13, 2017 16:09