Commodities

Pepper markets continued to stay steady

G K Nair Kochi | Updated on January 20, 2018 Published on May 23, 2016

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Pepper markets on Monday stayed steady on matching demand and supply. Arrivals have picked up slightly and 20 tonnes were traded today. The material arrived from the high ranges and the plains of Palakkad and Pathanamthitta districts and it was traded at ₹705, 708 and ₹710 a kg. Interstate dealers and exporters were the buyers.

Leading exporters have bought 550 GL semi-processed pepper from the processors at ₹712 a kg to meet their earlier commitments for Malabar, market sources told BusinessLine.

Spot prices remained unchanged at ₹69,700 (ungarbled) and ₹72,700 (garbled) a quintal.

June, July and August contracts on the IPSTA also remained steady at ₹71,000, 70,000 and 69,000 a quintal.

Export prices were at $10,800 a tonne c&f for Europe and $11,050 a tonne c&f for the US and remained above other origins.

Published on May 23, 2016
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