Pepper continues to stay easier

G K Nair Kochi | Updated on January 20, 2018 Published on March 01, 2016

The pepper markets continued to stay easier on Monday on limited activities. Inter-state dealers were buying directly from the primary markets at terminal market prices and that in turn has squeezed the activities on the terminal market, trade sources told Business Line.They were buying from the doorsteps of growers/dealers at ₹620-625 a kg, they said.

Availability is limited in the Malabar region where low bulk density material traded at ₹610-₹615 a kg in Malappuram and Kannur districts, they said. On the terminal market 37 tonnes were traded. Spot prices slipped by ₹100 a quintal to close at ₹61,400 (ungarbled) and ₹64,400 (garbled) a quintal. March contract on the IPSTA fell by ₹1,000 a quintal to close at ₹63,500 a quintal. Indian export prices were at $9,500 a tonne c&f for Europe and $9,750 a tonne c&f for US.

Published on March 01, 2016
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