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Spot pepper remained firm on tight supply amid good demand. Farmers and primary market dealers were holding back anticipating further price rise. Enquiries from MNCs said to have aided the upward price movement, trade sources told BusinessLine. Only three tonnes were traded at ₹665 a kg. 40 tonnes of exchange released pepper were traded at ₹665. Buyers were ready to buy High range pepper at ₹680 a kg and Rajkumari pepper at ₹685 a kg. They were also ready at ₹675 for Pulpally and Bathery pepper.Spot prices increased by ₹300 a quintal to ₹66,300 (ungarbled) and ₹69,300 (garbled). Active contracts on the IPSTA were steady. Export prices were at $10,800 a tonnes c&f for Europe and $11,050 for the US.
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