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Pepper prices recovered on supply squeeze amid good demand on Friday. There were buyers at higher levels on both the national and regional exchanges. But sellers withdrew. Karnataka which is selling at ₹660-670 a kg has raised prices to ₹690-710. Interstate dealers are actively covering for the end users who had been buying only hand-to-mouth earlier. They are buying directly from the primary markets and from the surburbs of the terminal markets. On the spot, five tonnes arrived and they were traded at ₹670 -690. Indian export prices increased along with strengthening of the rupee against the dollar to $11,750 a tonne c&f for the Europe and $12,000 c&f for the US.
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