Spot pepper prices fell on Wednesday as buyers were busy preparing for the GST regime. “Everybody is busy preparing for receiving the GST regime and hence no buying interest was seen in the market and that in turn has pulled the prices down”, market sources told Business Line . There were neither any arrivals nor any off take on the terminal market and it may become activated from late next week, they said. Spot prices dropped by ₹200 a quintal to close at ₹48,300 (ungarbled) and ₹50,300 (garbled) a quintal. Indian export prices were at $8,050 a tonne c&f for Europe and $8,300 a tonne c&f for the US. Our Correspondent