Higher supplies pound pepper

Updated - January 15, 2018 at 09:44 PM.

KERALA, KOCHI, 13/02/2014: Pepper kept for sale at an retail outlet in Kochi on February 13, 2014. Pepper export witnessed a steep increase during April-November 2013 with a 42 per cent growth in value from a volume of 13,700 MT at a price of Rs 572.26 crore according to data released by Spice Board recently. Photo: K. K. Mustafah

Rise in supply of new pepper has pulled down the spot pepper prices further on Monday. On the terminal market, 21 tonnes were traded. Pepper from the plains of Kottayam district fetched ₹410 a kg, while that from Pulpally and Bathery in Wayanad district ruled at ₹415. High Ranges pepper went for ₹420. Spot pepper lost ₹300 a quintal at ₹41,300 (ungarbled) and ₹43,300 (garbled). Export prices were at $7,025 a tonne c&f for Europe and $7,275 for the US.

Published on January 15, 2018 16:14