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Spot pepper prices continued to fall on Thursday on increased selling pressure. However, the active contracts on the IPSTA moved up marginally. Supply from Karnataka has started soaring and as a result farm grade pepper is being sold at ₹540 a kg delivered anywhere in India by rail, market sources told BusinessLine. Totally 60 tonnes of pepper were traded today and of these 30 tonnes were from Karnataka. It was traded at prices ranging between ₹580 and ₹605. High Range pepper was sold at ₹600-605. Spot prices lost ₹500 a quintal to ₹58,500 (ungarbled) and ₹61,500 (garbled).
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