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.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.