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Pepper prices were down by ₹2 per kg in Kochi on Monday following the availability of higher moisture content pepper due to the present climatic conditions. The prices were at ₹310/kg on an off-take of 30 tonnes.
Kishore Shamji of Kishor Spices said that there are more sellers from Wayanad and Coorg for lower bulk density pepper, which, in turn, is influencing Idukki dealers as well to reduce the price. The domestic demand continues to be steady except from cities of Chennai, Mumbai, Delhi, Ahmedabad where the demand has slowed down.
According to him, the pressure from Sri Lankan exporters for dumping their produce in India overcoming the MIP restrictions fixed by the Government is still continuing. The absence of required action from authorities have forced more importers to go ahead with such shipments, violating the rules.
IPSTA Kochi black pepper rates (₹/kg): MG1-330; ungarbled-310; 500 G/L-300.
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