Good demand amid tight availability gave rise to black pepper prices on Monday in Kochi market.
Pepper sellers from the high ranges, were reportedly not ready to sell below ₹500 a kg.
Business Line reports “Sellers of imported pepper were quoting now ₹430-₹440 a kg and Kalpetta (Wayanad) sellers have sold 20 tonnes of imported pepper at ₹430 to Tamil Nadu-based dealers”
Spot prices raised by Rs 700 a quintal to Rs 39,900 (ungarbled) and Rs 41,9600 (garbled).[irp]
Ungarbled – Rs 399 / Kg and Garbled – Rs 419 /Kg.