Comments
Spot pepper continued to rise on good demand amid tight availability. Indigenous pepper sellers, from the high ranges, were reportedly not ready to sell below ₹500 a kg.
Sellers of imported pepper were quoting now ₹430-₹440 a kg and Kalpetta (Wayanad) sellers have sold 20 tonnes of imported pepper at ₹430 to Tamil Nadu-based dealers, trade sources told Business Line. On the terminal market, 8 tonnes of imported material were traded at ₹430 a kg, they said. Meanwhile, immature green pepper was also being imported from Sri Lanka , they said.
Spot prices shot up by ₹700 a quintal to close at ₹39,900 (ungarbled) and ₹41,900 (garbled) a quintal. But no sellers were ready to sell MG 1 below ₹500 a kg. As a result, the export price for MG 1 has shot up to $7,250 a tonne c&f for Europe and $7,500 for the US.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.