Pepper turns hot on supply squeeze

0
927

Pepper markets on Tuesday turned hot on squeezed supply. Sellers’ withdrawal resulted in no arrivals at the terminal market and a consequent zero trading activities. Spot prices increased further by ₹300 a quintal to ₹65,800 (ungarbled) and ₹68,800 (garbled). December, January and February on the IPSTA also went up ₹1,000 a quintal to ₹68,000, ₹60,000 and ₹57,000 respectively. Export prices were at $10,700 a tonne c&f for Europe and $10,950 for the US.

LEAVE A REPLY

Please enter your comment!
Please enter your name here