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Spot pepper prices ruled steady on matching demand and supply on Thursday, while the current month contracts dropped on fear of increased supplies from mid-January. On the terminal market, 12.5 tonnes were traded at ₹640-675 a kg. Spot prices stayed steady at ₹65,900 (ungarbled) and ₹68,900 (garbled) a quintal. January contract fell by ₹1,000 a quintal to ₹69,000, while February and March contracts remained unchanged at ₹67,000 and ₹62,000 a quintal. Export prices were at $10,425 a tonne c&f for Europe and $10,675 for the US.
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