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Imported supplies pound pepper

Imported supplies pound pepper

KOCHI, JANUARY 19:  Supply of Sri Lankan pepper at ?400 a kg has pushed the spot pepper prices further down on Friday.

Pepper from the plains was being traded at ?410, while high range pepper sellers were asking for ?420. Buyers were at ?415 a kg, trade sources told BusinessLine.

On the terminal market, 10 tonnes of Sri Lankan pepper were traded at ?400 a kg, while 10 tonnes of pepper from the plains went for ?410 a kg, they said.

Spot prices fell further by ?200 a quintal to ?40,300 (ungarbled) and ?42,300 (garbled).

Thus, the prices have fallen by ?4,900 a quintal in three weeks after moving up by ?6,800 a quintal between December 6 and 30 following the fixing of MIP of ?500/kg.

Export prices were at $6,825 a tonne c&f for Europe and $7,075 for the US.


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