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Pepper arrivals continued to witness a shrinkage despite it is being the peak harvesting time of the season. Hence the activities remained limited. Market sources told BusinessLine that normally 30 tonnes used to arrive daily at this time of the season in the past.
On the terminal market, only eight tonnes arrived and were traded at ₹650-670 a kg. Spot prices remained unchanged at ₹65,900 (ungarbled) and ₹68,900 (garbled) a quintal. January and February contracts on the IPSTA stayed steady at ₹70,000 and ₹67,000 a quintal. Export prices were at $10,475 a tonne c&f for Europe and $10,725 for the US.
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