Commodities

Imports pull down pepper further

GK Nair Kochi | Updated on January 09, 2018

Hundreds of pepper containers are lying at various ports and ICDs in the country waiting for DRI clearance, trade sources told Business Line.

Pepper from the plains and imported material was being traded at ₹420 a kg while high range stuff was fetching ₹430-435 a kg.

After Divali the winter demand has started and the country requires around 5,000 tonnes of pepper a month now, they said.

Spot prices slipped by ₹100 a quintal to close at ₹42,200 (ungarbled) and ₹44,200 (garbled) a quintal.

On the terminal market 15 tonnes of pepper from the plains, imported and from high ranges were traded at₹420-435 a kg.

Indian export prices were at $7,025 a tonne c&f for Europe and $7,275 a tonne c&f for the US.

Published on October 30, 2017

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