Pepper prices recovered on good overseas and domestic enquiries amid a sudden squeeze in supply. Hike in Vietnam prices in recent days has made Malabar competitive attracting enquiries from overseas markets. Vietnam has raised its prices to $9,500 a tonne c&f for Europe where as the Indian export price is $9,150. On the terminal market, 50 tonnes of pepper from Kerala were traded at ₹540 a kg while 20 tonnes from Karnataka was traded at ₹525. On the IPSTA platform March and April contracts were up by ₹505 a quintal each to ₹56,600 and ₹53,363 respectively. Spot prices moved up by ₹500 to ₹53,000 (ungarbled) and ₹56,000 (garbled).
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