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Selling pressure from Karnataka where pepper harvesting has picked up momentum has pulled the spot prices further down on Wednesday.28 tonnes arrived on the terminal market via Wayanad and that was traded at ₹570-575 a kg, they said. Spot prices fell further by ₹100 a quintal to close at ₹57,400 (ungarbled) and ₹60,400 (garbled) a quintal. April, May and June contracts on the IPSTA remained steady at ₹60,000, ₹57,000 and ₹57,000 a quintal, respectively. Indian export prices were at $9,525 a tonne c&f for Europe and $9,775 a tonne c&f for the US.
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