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Spot pepper prices ruled steady despite selling pressure. Market sources told BusinessLine that selling pressure has resurfaced in Karnataka and Kerala’s Wayanad district today. As a result, 110 tonnes of pepper arrived today and of this 48 tonnes were from Karnataka and the rest from High Ranges. However, domestic buyers have covered from Adimali in Idukki district at ₹627 a kg. Karnataka pepper of 500 GL was being traded at ₹600-605 delivered anywhere in India. Wayanad pepper was traded at ₹612-615. Spot pepper remained steady at ₹60,000 (ungarbled) and ₹63,000 (garbled) a quintal. On the IPSTA platform, all the active contracts slipped by ₹500 a quintal to ₹62,500 each. Export prices were at $10,200 a tonne c&f for Europe and $10,450 for the US.
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