Pepper stays steady

G K Nair Kochi | Updated on January 22, 2018 Published on November 24, 2015

The pepper markets remained steady on Tuesday on matching demand and supply. Whatever material arrived at the market was absorbed by the buyers, i.e., Inter-state dealers. Exporters were on a wait and watch mode. On the terminal market 26 tonnes from the high ranges, Wayand district, plains and re-processors were traded at prices ₹685, ₹690, ₹695 and ₹700 a kg, market sources told Business Line. Spot prices remained unchanged at ₹68,400 (ungarbled) and ₹71,400 (garbled) a quintal. December, January and February futures on the IPSTA platform also stayed steady at ₹73,000, ₹63,500 and ₹57,000 a quintal respectively. Indian export prices were at $10,900 a tonne c&f for Europe and $11,150 a tonne c&f for USA following weakening of the rupee against the dollar.

Published on November 24, 2015
This article is closed for comments.
Please Email the Editor