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Spot pepper prices continued to drop on slack demand. On the terminal market, 14 tonnes were traded at ₹665-675 a kg. Exchange-released pepper was traded at ₹650. Spot prices fell by ₹200 a quintal to ₹66,900 (ungarbled) and ₹69,900 (garbled). November, December and January contracts were steady at ₹70,000, ₹64,000 and ₹57,000 a quintal respectively. Export prices were at $10,750 a tonne c&f for Europe and $11,000 for the US.
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