Spot pepper continues to slip

Spot pepper continued to slip on slack demand on Tuesday. As the North Indian markets are flooded with imported pepper, no domestic demand is forthcoming. Added to this, the rupee is getting strengthened paving way for more imports, market sources told BusinessLine . On the terminal market, seven tonnes were traded at ₹700a kg. Spot prices declined further by ₹100 a quintal to ₹68,500 (ungarbled) and ₹71,500 (garbled). October, November and December contracts on the IPSTA remained unchanged at ₹72,000, ₹66,000 and ₹63,000 a quintal. Export prices were at around 11,150 a tonne c&f for Europe and $11,400 for the US.