Upsurge in arrival pounds pepper

Updated - January 10, 2018 at 09:43 PM.

Pepper berries at growing stage in a home garden near Kochi, Kerala on 02 Thursday,March 2012. Pepper price hit a record Rs. 38,700 a quintal here at the terminal market on Wednesday, aided by reports of a scarcity of supplies and possible crop loss in growing areas like Wayanad and the High Ranges of Kerala. Spot price for garbled pepper came down to Rs. 37,700 a quintal on Thursday. Photo:K_K_Mustafah 02/03/2012.

Spot pepper prices softened on Wednesday due to an upsurge in the arrival of the new crop.

On the terminal market, 31 tonnes of pepper arrived. Of these, 10 tonnes were bought by Tamil Nadu dealers at ₹430 a kg and the rest were traded at ₹430-435 a kg.

Vietnam was offering 500 GL pepper at $3,200 a tonne and 550 GL at $3,500 a tonne and at this rate there were no sellers of indigenous pepper, trade sources told

BusinessLine.

Spot prices fell further by ₹300 a quintal to ₹42,400 (ungarbled) and ₹44,400 (garbled).

Export prices were at $7,175 a tonne c&f for Europe and $7,425 for the US.

Published on January 10, 2018 16:13