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Commodity Tips, Upsurge in arrival pounds pepper
Spot pepper prices softened on Wednesday due to an upsurge in the arrival of the new crop.
On the terminal market, 31 tonnes of pepper arrived. Of these, 10 tonnes were bought by Tamil Nadu dealers at ₹430 a kg and the rest were traded at ₹430-435 a kg.
Vietnam was offering 500 GL pepper at $3,200 a tonne and 550 GL at $3,500 a tonne and at this rate there were no sellers of indigenous pepper, trade sources told BusinessLine.
Spot prices fell further by ₹300 a quintal to ₹42,400 (ungarbled) and ₹44,400 (garbled).
Export prices were at $7,175 a tonne c&f for Europe and $7,425 for the US.
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