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Downtrend Continues In Spot Pepper On Increased Supply

11 Jul 2018 5:54 pm
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MUMBAI (Commoditiescontrol) - The spot pepper prices continued its downward trend on Wednesday on increased availability of imported pepper at lower rates.

According to trade sources here 23 tonnes of imported pepper were traded today at the terminal market at Rs 330 a kg delivered in Mumbai.

Kerala and Tamil Nadu based importers were bringing in pepper from Vietnam and Sri Lanka along with other spices, they alleged.

End users were buying the imported pepper, they said. At the same time, upcountry markets are flooded with imported pepper smuggled into the country via borders with Nepal, Bangladesh and Myanmar , they said.

Spot prices fell by Rs 200 a quintal to close at Rs 32,700 (ungarbled) and Rs 34,700 (garbled) a quintal.

Indian parity in the international markets was at $5,275 a tonne c&f for Europe and $5,525 a tonne c&f USA.

(By Commoditiescontrol Bureau; +91-22-40015567)

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