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Spot pepper prices on Wednesday fell further on selling pressure. Domestic demand is good and some of the inter-state dealers who have bought exchange released pepper were offering it at ₹625 a kg. On the terminal market, 35 tonnes were traded at prices ranging between ₹620 and ₹630 a kg. Meanwhile, 11 tonnes of new pepper from Pulpally and Battery in Wayanad were traded at ₹615-620 depending upon quality. Spot prices fell by ₹400 a quintal to ₹62,700 (ungarbled) and ₹65,700 (garbled). All the active contracts on the IPSTA remained unchanged. Export prices were at $10,100 a tonne c&f for Europe and $10,350 for the US.
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