Imported pepper floods market

Imported pepper is being deposited in the various warehouses of national exchanges as futures prices were falling sharply, according to trade sources. 32 tonnes of imported pepper were traded at ₹400 a kg outside the terminal market here, they said. Spot prices fell further by ₹400 a quintal to close at ₹44,900 (ungarbled) and ₹46,900(garbled) a quintal. Indian export prices were at $7,575 a tonne for Europe and $7,825 a tonne for the US.