Spot pepper prices continued to increase sharply on supply squeeze amid strong demand. Arrivals at the terminal market stood at 15 tonnes and that were traded. Inter-State dealers were reportedly buying directly from the doors steps of growers/primary market dealers in Idukki district at ₹650 a kg on cash-and-carry basis. On the terminal market, spot prices shot up by ₹1,000 a quintal to ₹62,000 (ungarbled) and ₹65,000 (garbled). On the IPSTA, February contract increased further by ₹1,000 to ₹64,337. Export prices were at $10,800 a tonne c&f prompt shipment.
– The Hindu