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Availability of imported pepper and exchange-released pepper in the consuming markets has slowed down domestic demand for farm grade material. In North India, pepper from Vietnam, Sri Lanka and exchange- released old pepper is available at ₹685 a kg, trade sources said.
However, demand from the industry for farm grade material, especially that having high bulk density, is keeping the market steady. Inter-state dealers were buying it for industry users, market sources told BusinessLine .
On the terminal market, 23 tonnes were traded at prices ranging from ₹680-695 a kg. Spot prices remained unchanged at ₹68,100 (ungarbled) and ₹71,100 (garbled) a quintal. November, December and January contracts on the IPSTA also stayed unchanged at ₹71,000, ₹62,000 and ₹57,000 a quintal respectively. Export prices were at $10,950 a tonne c&f for Europe and $11,200 for the US.
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