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Tight Availability Pushes Up Spot Pepper Prices

19 Jul 2019 5:59 pm
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MUMBAI (Commoditiescontrol) – Tight availability of spot pepper pushed up its prices on Friday.

No sellers were forthcoming to part with their produce at the current rates and that in turn has created a scarcity of the indigenous pepper, trade sources said.

Only 6 tonnes of pepper arrived at the terminal market today from the high ranges and that were traded at Rs 340 a kg.

Coorg (Karnataka) sellers who have withdrawn from the markets, were quoting Rs 330-335-340 a kg while sellers of Pulpally and Bathery (Wayanad) pepper were demanding Rs 340-Rs 345 per kg, they said.

Spot pepper prices moved up by Rs 100 a quintal to close at Rs 33,400 (ungarbled) and Rs 35,400 (garbled) a quintal.

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

(By Commoditiescontrol Bureau)

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