Commodities

Upsurge in supply pulls down pepper

GK Nair Kochi | Updated on January 09, 2018 Published on August 29, 2017

Increased availability of physical pepper, both imported and exchange released cheap, has pulled down pepper prices further on Tuesday..

Imported material is mixed with indigenous produce and is being traded at ₹480 a kg and below and that in turn has pulled down the spot prices here on Tuesday, trade sources told Business Line.

On the terminal market 10 tonnes of high range mix were traded at ₹480 a kg, they claimed.

Spot prices fell by ₹200 a quintal to close at ₹48,000 (ungarbled) and ₹50,000 (garbled) a quintal.

Indian export prices were at $8,050 a tonne c&f for Europe and $8,300 a tonne cf& for the US.

Published on August 29, 2017
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