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Sri Lankan pepper floods market

Sri Lankan pepper floods market

November 13, 2017

 

During January-October, 11,000 tonnes of Sri Lankan pepper arrived in India depressing the prices of the indigenous produce. Much of it landed here during the June-October period and that, in turn, pulled down pepper prices here, market sources told BusinessLine. On the terminal market, five tonnes from the plains were traded at 410 a kg. Karnataka quoted 390/kg, while High Range pepper went for 410. Spot prices slipped further by 100 a quintal to 40,900 (ungarbled) and 42,900 (garbled). Export prices were $6,750 a tonne c&f for Europe and $7,000 for the US.

 

Source:http://www.thehindubusinessline.com/

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