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Spot pepper prices continued to rule hot on strong demand amid tight supply on Monday. Availability was thin and it was evident from today’s arrivals at the terminal market. Arrivals were only eight tonnes from the plains, mainly from southern districts of Kerala and the High Ranges. Market sources told BusinessLine that pure new pepper from the South was traded at ₹690-695 a kg while new-old mix from the High Ranges were sold at ₹700-705 and pure old pepper from there was transacted at ₹710. Spot prices were up by ₹500 a quintal to ₹69,000 (ungarbled) and ₹72,000 (garbled). On the IPSTA platform January and February contracts remained steady at ₹59,964 and ₹55,337 respectively. Export prices were at $11,850 a tonne c&f for full January shipment.
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