Pepper Prices Surge

There was fresh enquiries from exporters and domestic buyers also bought some quantity leading to the uptrend towards the close of the week, they said. Restricted arrivals also helped the uptrend in prices, they added. During the week, march futures slid sharply at the weeks beginning to Rs 19,285 a quintal but then staged a rally to close at Rs 20,500 a quintal against the previous weeks close of Rs 19,800 a quintal. February prices closed at Rs 20,625 a quintal against Rs 19,900 a quintal last week after falling to Rs 19,525 during middle of the week. While January prices closed at Rs 20,700 against Rs 20,000 last week, December finished higher at Rs 20,450 a quintal against Rs 19,900 last week.