Availability of Vietnam pepper smuggled through Myanmar and Nepal reduced domestic pepper demand in Jharkhand and Bihar markets.
The traders are not showing interest in domestic pepper as imported Vietnam pepper is cheaper then domestic pepper.According to sources Vietnam pepper is available at ₹150 a kg.
Spot prices raised by Rs 100 a quintal to Rs 30,500 (ungarbled) and Rs 32,500 (garbled).
Ungarbled – Rs 305 / Kg and Garbled – Rs 325 /Kg.
Note: Indicated Prices are based on Kochi Market.