Commodities

Selling pressure crushes pepper

GK Nair Kochi | Updated on January 17, 2018 Published on January 17, 2018

Selling pressure is building up in pepper market as harvest is on full swing in Kerala and Karnataka. This phenomenon, coupled with continued supply of Sri Lankan pepper in good volumes, has pounded the spot pepper prices further down on Wednesday.

On the terminal market, 33 tonnes were traded. Of this, 15 tonnes of Sri Lankan pepper fetched ₹405 a kg and 18 tonnes of High Range and pepper from the plains were traded at ₹410. Spot prices fell further by ₹300 a quintal to ₹40,800 (ungarbled) and ₹42,800 (garbled). Export prices were at $6,925 tonne c&f for Europe and $7,175 for the US.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on January 17, 2018
This article is closed for comments.
Please Email the Editor