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Pepper futures declined on Tuesday on the National Multi Commodity Exchange while on the IPSTA, all the contracts remained unchanged. Spot prices rose due to thin arrivals.
Arrivals at the terminal market continued to remain thin. Only 20 tonnes of farm grade pepper were traded to at ₹506-520 a kg. Pepper from the southern districts of Kollam and Pathanamthitta and northern districts of Malappuram and Kasargod was traded at ₹506-507. High Range pepper was traded at ₹517-520 while reprocessed material was sold at ₹516-517. There were buyers for Rajakumari (Idukki) at ₹520-522 but sellers were asking for ₹525.
On the NMCE, March contract decreased by ₹213 to ₹52,000 a quintal. Turnover decreased to one tonne, while net open position stayed unchanged at 28 tonnes.
Spot prices rose by ₹200 to ₹50,600 (ungarbled) and ₹52,600 (garbled) a quintal on tight supply. Export prices were at $8,600 c&f Europe and $8,850 a tonne c&f US.
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