Spot pepper continued to rule steady as demand matched supply. Tight availability of high bulk density pepper pushed up the futures prices on the IPSTA platform. On the terminal market, 72 tonnes of pepper were traded today. Of this 48 tonnes were Karnataka. Karnataka 500 GL pepper was being traded at Rs 615-620 a kg; Wayanad material Rs 635; semi-processed pepper 550 GL Rs 630. Spot prices remained unchanged at Rs 62,000 (ungarbled) and Rs 65,000 (garbled) a quintal. On the IPSTA, July contract moved up by Rs 499 a quintal to Rs 66,005 and August surged by Rs 1,000 to Rs 66,506. Export prices were at $10,550 a tonne c&f for Europe and $10,800 for the US.
Pepper continues to rule steady
Published on
June 17, 2015 16:17