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Spot pepper markets remained steady on Tuesday on limited activities. However, the domestic market was slightly active with enquiries floating from upcountry markets. Sri Lanka has reduced its prices further down and its 525-530 GL pepper was reportedly available at $9,000 a tonner c and f Kochi, trade sources claimed. Indonesia has raised its price for ASTA grade from $9,900 to $10,100, while Vietnam was also quoting at $10,100.
On the terminal market, 10 tonnes of pepper were traded at ₹635 a kg. Spot prices remained unchanged at ₹62,000 (ungarbled) and ₹65,000 (garbled) a quintal. However, on the IPSTA August and September moved up by ₹500 a quintal to ₹67,000 and ₹67,500. Export prices continued to remain at $10,700 a tonne c and f for Europe and $10,950 for the US.
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