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Spot pepper markets remained unchanged on Wednesday on dull activity, while the running contract on the IPSTA moved up. Dullness was seen in the market due to lack of domestic demand and no arrivals. However, demand for high bulk density pepper still exists but the material availability is limited. Buyers were offering ₹690 a kg but the sellers were at ₹700 and at this rate there are said to be Tamil Nadu buyers at the farm gate, market sources told BusinessLine . Spot prices remained unchanged at ₹68,100 (ungarbled) and ₹71,100 (garbled) a quintal. November contract increased by ₹1,000 to ₹69,000 a quintal while December dropped by ₹1,000 to ₹60,000 a quintal. Export prices were at $11,000 a tonne c&f for Europe and $11,250 for the US.
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