Dealers in the main trading hubs in north India, such as Delhi, Jaipur, Gwalior and Indore, were buying low bulk-density Karnataka pepper at ₹690 a kg delivered at their doorsteps, market sources told BusinessLine .

They said Karnataka’s pepper growers were reportedly liquidating their stocks following which dealers have slowed buying. On the terminal market, two tonnes of High Range pepper were traded at ₹702/kg.

Spot prices remained unchanged at ₹67,900 (ungarbled) and ₹70,900 (garbled) a quintal. December, January and February contracts on the IPSTA stayed steady at ₹73,000, ₹65,000 and ₹60,000 a quintal. Export prices were at $10,925 a tonne c&f for Europe and $11,175 for the US.

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