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Spot pepper prices fell further on Monday following overseas reports that internationally pepper prices are on the decline.
Indonesia, Vietnam and Brazil were reportedly selling at $3,500 a tonne, while Sri Lanka was offering at $4,800.
Meanwhile, stronger rupee coupled with fall in prices in other origins will accelerate imports by unscrupulous people, market sources told Business Line .
On the terminal market, 39 tonnes — mostly imported stuff — were traded at ₹380-405 a kg.
Spot prices fell by ₹200 a quintal to ₹39,800 (ungarbled) and ₹41,800 (garbled).
Export prices were at $6,725 a tonne c&f for Europe and $6,975 for the US.
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