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Pepper prices continued to witness a sharp fall on Monday on heavy selling pressure from Karnataka and Kerala. Karnataka pepper is being offered at ₹500-510 a kg. Pepper from the Plains is quoted at ₹515-520 while that from the High Ranges is at ₹520-525. On the terminal market, 67 tonnes of pepper were traded today. On the IPSTA platform all the active contracts fell by ₹1,000 a quintal each. Spot prices dropped by ₹1,500 a quintal to ₹52,000 (ungarbled) and ₹55,000 (garbled). Export prices are at $9,100 a tonne c&f full March shipments.
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