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Major Idukki growers are reportedly hesitating to sell their produce against the new ₹2,000 currency alleging that it might also be withdrawn after three years. Instead, they would prefer to keep their produce as they do not need any money, trade sources told BusinessLine . Karnataka 500 GL pepper was being offered at ₹700 a kg delivered any where in India. Cartel Spot prices continued to move up by ₹100 a quintal to close at ₹67,100 (ungarbled) and ₹70,100 (garbled) a quintal. December, January and February contracts on the IPSTA stayed steady at ₹71,000, ₹63,000 and ₹58,000 a quintal. Export prices were at $10,825 a tonne c&f for Eruope and $11,075 a tonne c&f for the US.
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