Black Pepper spot prices turns Hot due to less stock in Market .
Business Line reports less supply of black pepper is due to that sellers are absence from the markets. They are waiting for the prices to touch ₹500 a kg, the MIP fixed by the Union Commerce ministry on 6th December.
Spot prices raised by Rs 500 a quintal to Rs 38,600 (ungarbled) and Rs 40,600 (garbled).[irp]
Ungarbled – Rs 386 / Kg and Garbled – Rs 406 /Kg.