Comments
Strong rupee against the dollar coupled with decline in prices in overseas origins have made imports further cheaper, market sources told Business Line.
They said the landed cost of pepper imported from Sri Lanka at $4,700 a tonne and by paying 8 per cent duty would now come to around ₹325 a kg. 27 tonnes were traded and of these 13 tonnes from southern districts were sold at ₹435 a kg, while 14 tonnes from the High Ranges were traded at ₹455.
Spot prices, on bearish reports, fell by ₹300 a quintal to ₹44,900 (ungarbled) and ₹46,900 (garbled). Export prices were at $7,600 a tonne c&f for Europe and $7,850 for the US.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.