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Pepper markets on Thursday continued to stay hot on tight supplies. Sellers continued to stay away from the market. Buyers for high bulk density farm grade pepper were there. Liquidity crunch is pointed out as the reason for zero activities, trade sources told BusinessLine . Spot prices moved up further by ₹200 a quintal to ₹66,300 (ungarbled) and ₹69,300 (garbled). December and January contracts on the IPSTA increased by ₹1,000 a quintal each to ₹70,000 and ₹62,000. February remained unchanged at ₹58,000. Export prices were at around $10,850 a tonne c&f for Europe and $11,100 for the US and remained totally outpriced.
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