Kochi, October 18:
Spot pepper markets on Tuesday showed a steady trend on sluggish activities.
Tamil Nadu dealers were buying Idukki pepper at ₹685-690 a kg directly from the farm gate, market sources told Business Line.
Major north Indian centres such as Mumbai and Delhi are flooded with pepper imported from Sri Lanka and Vietnam, they said.
Spot prices remained steady at ₹68,100 (ungarbled) and ₹71,100 (garbled) a quintal. November contract on the IPSTA was up by ₹1,000 a quintal to ₹68,000, while December and January were steady at ₹61,000 and ₹59,000.
Export prices were at $10,975 a tonne c&f for Europe and $11,225 for the US.
(This article was published on October 18, 2016)