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Spot Pepper Moves Up As Sellers Stay Away From Markets

22 Jul 2019 5:42 pm
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MUMBAI (Commoditiescontrol) – The spot pepper prices moved up on Monday as sellers stayed away from the markets hoping the prices would go up in the coming days.

On the terminal market 14 tonnes of pepper arrived today. Of this 9 tonnes of pepper from the Coorg region of Karnataka were traded at Rs 335 a kg while 5 tonnes of high range pepper were sold at Rs 340 a kg. Interstate dealers were the buyers.

Industry problems have brought down drastically pepper demand from the Papad industry, trade sources claimed. This phenomenon has negatively affected the demand from upcountry markets, they said.

Spot prices moved up by Rs 100 a quintal to close at Rs 33,500 (ungarbled) and Rs 35,500 (garbled) a quintal.

Indian parity in the international markets was at $5,375 a tonne c & f for Europe and $5,625 a tonne c & f for USA.

(By Commoditiescontrol Bureau)

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