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Pepper futures contracts on Friday moved up, while the spot prices continued to remain steady. Sluggishness is attributed to the steady market today.On the terminal market, there was neither any arrival nor any off take.
Buyers were ready to cover High Range pepper at ₹670 a kg but no sellers, market sources told Business Line . Karnataka pepper was being traded at ₹640-650 a kg, they said. Spot prices remained unchanged at ₹65,700 (ungarbled) and ₹68,700 (garbled) a quintal. January, February and March contracts on the IPSTA went up by ₹1,000 a quintal to ₹67,000, ₹65,000 and ₹60,000. Export prices were at $10,650 a tonne c&f for Europe and $10,900 for the US.
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